MOSCOW (MRC) -- Technip Energies has been awarded two contracts by Neste for work on the development of their renewables production platform in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Neste and Technip Energies, accoriding to Hydrocarbonprocessing.
The first contract covers Engineering, Procurement services and Construction management (EPCM) for the modification of Neste's existing renewables production refinery in Rotterdam, the Netherlands, to enable production of Sustainable Aviation Fuel (SAF). The modifications to the refinery, an investment of approximately EUR190 million, will enable Neste to optionally produce up to 500,000 tons of SAF per annum as part of the existing capacity.
The second contract covers the Front-End Engineering and Design (FEED) for Neste's possible next world-scale renewable products refinery in Rotterdam. This contract is part of Neste’s preparations to enable a final investment decision by its Board of Directors, targeted for the end of 2021 or beginning of 2022.
The production process is based on Neste’s proprietary NEXBTL state-of-the-art technology, which allows the conversion of waste and residue feedstock into renewable products like renewable diesel, Sustainable Aviation Fuel and renewable solutions for the polymers and chemical industry.
As MRC reported earlier, Neste, Mitsui Chemicals, Inc. and Toyota Tsusho Corp. have announced they are joining forces to enable Japan’s first industrial-scale production of renewable plastics and chemicals from 100% bio-based hydrocarbons. In this collaboration, Mitsui Chemicals will use Neste RE, 100% bio-based hydrocarbons produced by Neste, to replace a part of the fossil feedstock in the production of a variety of plastics and chemicals at its crackers within Osaka Works during 2021.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.