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Neste oil to build $1 billion biodiesel plant in Rotterdam Holland

Neste Oil has announced plans to build a new biomass-to-liquid diesel plant in Rotterdam in the Netherlands. The plant will produce what the company calls NExBTL renewable diesel fuel at the rate of 800,000 tonnes per year after it begins operating in 2011. Neste will spend about €670 million (a little over $1 billion at current exchange rates) on the facility which will use Neste's processes to convert a mix of palm and rapeseed oils and animal fat into a high-quality diesel fuel. Neste already has a smaller plant in Finland using this ... Read more →

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