The foundation stone of the new Porvoo production line laid

abarrelfullabarrelfull wrote on 30 Apr 2013 11:56

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The foundation stone of the new production line of Fortum's Porvoo refinery was laid on Wednesday, 25 August 2004. The foundation stone was laid by Prime Minister Matti Vanhanen.

The Diesel project of the Porvoo refinery proceeds on schedule and the civil work for the new production line has begun.

"This project will enable the refinery to use lower-priced crude oil to produce a larger amount of more valuable and environmentally acceptable motor fuels, the demand for which is rapidly increasing in Fortum's key markets. This upgrading will further improve the competitiveness and profitability of the refinery", reports Risto Rinne, Head of Fortum's Oil Sector.

The new production line will use residue oil to produce sulphur-free, clean motor fuels, particularly diesel fuel, the production of which will increase by one million tonnes per year. The production line will be on stream at the end of 2006. The area of this new line is about 4.5 hectares, and the estimated cost of the entire project is about EUR 500 million. The direct employment effect during construction will be 3,000 man-years, and, in addition, there will be a significant indirect impact through equipment supplies and services. The number of new permanent jobs at the refinery will be about 100. Neste Jacobs Oy is responsible for the implementation of the Diesel project.

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