Neste Jacobs to implement production-related investments at Neste Oil refineries in Finland
(Thomson Reuters ONE) -
Neste Jacobs Oy
Press Release
13 October 2014 at 9 a.m. (EET)
Neste Jacobs to implement production-related investments at Neste Oil refineries
in Finland
Technology, engineering and project management company Neste Jacobs has been
chosen as the EPCM contractor to implement the new SDA (Solvent De-Asphalting)
unit at Neste Oil's Porvoo refinery. Neste Jacobs will provide Project
Management, Engineering, Procurement and Construction Management services to the
project.
Costing EUR 200 million, SDA unit will improve Neste Oil's production structure
and ability to optimize its crude oil slate, and is due to be completed in 2017.
In addition at Naantali, Neste Oil plans simplifying the structure of the
refinery and investing approx. EUR 60 million in various utility-related
enhancements. Neste Jacobs will provide Basic Engineering on these projects
which are due to be completed in early 2015.
"This is, once again, a sign of Neste Oil's trust towards Neste Jacobs' ability
to provide solutions in units which require excellent competences and include
best available technologies", says Jarmo Suominen, Managing Director of Neste
Jacobs. "Naturally these projects are also a great add-on to our track record,
when we are aiming to be the preferred solution provider for the hydrocarbon
industry."
"We wanted a solution provider with indisputable proofs when it comes to these
kind of projects, which demand high-end and high quality expertise and
reliability", says Matti Lehmus, Executive Vice President, Oil Products of Neste
Oil. "We have wide-ranging experience of Neste Jacobs' performance in carrying
out large, complex and top-demanding projects and are convinced that these
assignments will also be a success."
Neste Oil Oyj has informed about the investments mentioned above in the stock
exchange release on 7(th) October.
For more information, please contact:
Jarmo Suominen, Managing Director, Neste Jacobs Oy, tel. + 358 50 458 3399
Matti Lehmus, Executive Vice President, Oil Products, Neste Oil Oyj, tel.
+358 50 458 4072
Neste Jacobs is a preferred solution provider of high-quality technology,
engineering and project services for a wide range of industries in the oil and
gas, petrochemicals, chemicals and biotechnology fields. We have more than 50
years of experience in technology development and industrial investment projects
as well as maintenance and performance improvement in Europe, North and South
America, Asia and the Middle East. In addition to the Nordic countries we are
looking to grow in the expanding markets of the Middle East and Russia in
particular. We employ more than 1.000 professionals globally.
www.nestejacobs.com
Neste Oil Corporation is a refining and marketing company concentrating on low-
emission, high-quality traffic fuels. The company produces a comprehensive range
of major petroleum products and is the world's leading supplier of renewable
diesel. Neste Oil had net sales of EUR 17.5 billion in 2013 and employs around
5,000 people, and is listed on NASDAQ OMX Helsinki. Neste Oil is included in the
Dow Jones Sustainability World Index, and has featured in The Global 100 list of
the world's most sustainable corporations for many years. Forest Footprint
Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil &
gas sector. Further information: www.nesteoil.com
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Neste Oil Oyj via GlobeNewswire
[HUG#1862336]
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2014 - 08:01 Uhr
Sprache: Deutsch
News-ID 343395
Anzahl Zeichen: 4299
contact information:
Town:
Espoo
Kategorie:
Business News
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"Neste Jacobs to implement production-related investments at Neste Oil refineries in Finland"
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