Neste leans towards Rotterdam over Finland site

Neste announced its intention to increase renewable production capacity in Europe and has now concluded a study concerning two possible locations.
These are in Porvoo, Finland, and Rotterdam in the Netherlands where Neste has existing sites in both locations.
According to the company, while there are many positive drivers for both sites, the difference between the costs is significantly in favour of Rotterdam.
“I appreciate the open dialogue we have had with the authorities both in Finland and in the Netherlands throughout the study phase. We have witnessed a constructive approach to find the best solutions to support our future growth,” said Peter Vanacker, president and CEO of Neste.
“Based on the thorough studies and calculations, the overall cost of the investment is significantly lower in Rotterdam. Our decision relies on ensuring our future competitiveness and our renewables’ growth strategy execution.”
The criteria for site selection included current markets and regulatory framework supporting market growth, raw material sourcing opportunities, investment and operating costs, infrastructure and low carbon utilities as well as local synergies and incentives.
The key aspects contributing to the overall cost difference were logistics costs, site-specific construction costs and availability of low-carbon hydrogen supply.
Further, the Porvoo site is more complex which leads to a higher execution risk level and longer construction schedule.
Rotterdam benefits from the proximity of new markets for Renewable Aviation and Renewable Polymers and Chemicals as well as proximity to raw material sources.