Killajoules

Finngulf terminal and Balticconnector pipeline not commercially viable
Gasum has conducted thorough studies on the feasibility of constructing a regional LNG terminal in Southern Finland and the Balticconnector offshore pipeline between Finland and Estonia. As Gasum has already stated earlier, implementation of the projects require them to be commercially viable. On the basis of the studies Gasum has conducted the Finngulf and Balticconnector projects are not regarded as commercially viable and there is not sufficient demand for them in the Finnish market. Therefore Gasum will give up the implementation of both projects.

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.

AGA to build a new hydrogen production unit at Neste Oil's Porvoo refinery
Neste Oil and AGA, part of the Linde Group, have signed a long-term hydrogen supply agreement covering Neste Oil's Porvoo refinery, under which AGA will invest to build a new hydrogen production unit at the refinery. AGA will be responsible for construction and Neste Oil will build the links needed to connect the unit to the refinery. The project represents an investment of around EUR 100 million.

Neste Jacobs wins the bidding competition of Gasum's Finngulf LNG Project Management Services
Technology, engineering and project management company Neste Jacobs has won the bidding competition of Gasum's Finngulf LNG and Balticconnector project to deliver the Project Management Office (PMO) of the project. The PMO office will in 2014 together with the other Front End Engineering Design (FEED) engineering companies for the individual sub projects prepare the material in order to enable Gasum to make the final investment decision for the combined Finngulf LNG investment including Balticconnector in the end of year 2014. After that Neste Jacobs will be responsible for the project management services of the whole project.

Neste Oil to invest in improving energy efficiency and operational reliability at its Porvoo refinery
Neste Oil is to invest a total of approx. EUR 42 million in improving the energy efficiency and operational reliability of its Porvoo refinery. As part of the investment, fired heaters at the refinery's crude distillation unit will be replaced with new-generation heaters, which will help ensure more consistent, incident-free operations at the site and yield annual energy savings worth an estimated EUR 4 million.

Neste Oil to invest EUR 65 million in enhancing gasoline production at Porvoo
Neste Oil has decided to build an isomerization unit at its Porvoo refinery. The investment, valued at approx. EUR 65 million, is intended to increase the output of high-octane gasoline and improve refining flexibility at the site.

Neste Oil's Naantali refinery back online after major turnaround
Neste Oil's Naantali refinery is back in normal operation following the completion of a scheduled major maintenance turnaround. The turnaround began in April and lasted a total of around six weeks, and will help ensure the refinery's good performance for the next four to six years.

Neste Oil making a major environmental investment at its refinery harbor in Porvoo
Neste Oil is building a system for recovering emissions released when loading ships at the harbor of its Porvoo refinery. The system, valued at approx. EUR 23 million, will recover the majority of the volatile organic compounds (VOCs) released into the atmosphere when loading gasoline.

Neste Oil begins use of a new liquid catalyst technology at its Porvoo refinery
Neste Oil's Porvoo refinery has begun use of a new liquid catalyst technology developed by US-based Headwaters, Inc. Use of the new catalyst technology will improve the overall performance of the refinery's diesel production line 4. Neste Oil is the first refiner to utilize the new catalyst on a commercial basis, and its experience with it so far has been positive.

Diesel spill at Neste Oil’s Porvoo refinery
Around 250 m3 of diesel fuel was involved in a spill of fuel that took place at Neste Oil’s Porvoo refinery at around 2.30 EET on the morning of Friday, 10 December. The fuel leaked from a pipeline connection when it was being transferred from one storage tank to another. Cleanup operations were initiated immediately and the leak repaired. A small amount of oil was observed on the surface of the sea in the refinery’s harbor, however. Booms were deployed to prevent the oil escaping further.