Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials The company creates solutions for combating climate change and accelerating a shift to a circular economy Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals the company aims to help its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030 25 to include additional details from Neste Corp has cancelled its first attempt at bringing renewable hydrogen production to its 10-million tonne/year (tpy) refinery in the Kilpilahti industrial area of Porvoo Neste said it will no longer move forward with an investment in a previously proposed project involving installation of a 120-Mw electrolyzer at Porvoo that would have allowed the refinery to produce green hydrogen as a replacement for fossil-based hydrogen currently used in its processing Cancellation of the renewable hydrogen plan follows Neste’s completion of the project’s basic engineering study which included a preliminary study with Porvoon Energia Oy on the regional district’s use of renewable heat that would be generated from proposed green hydrogen project Neste’s decision to cancel the project stems from a combination of “challenging market conditions and [the company’s] financial performance requiring critical assessment of any new investments,” the operator said Project evaluation was also negatively impacted by Finland’s current regulatory framework for hydrogen utilization which imposes strict limits on a refinery’s use of renewable hydrogen in its processes as related to the terms of Finland’s national statutory distribution obligations “These limitations prevent the full economic utilization of [an] electrolyzer of this size,” the company said With Neste’s plan already in place to transform the Porvoo refinery into a leading renewable and circular solutions refining hub by the mid-2030s, however, the operator said its decision to cancel this first renewable hydrogen project is more of a delay in bringing green hydrogen to the site (OGJ Online, May 14, 2024) “[W]e are actively evaluating alternative pathways for securing renewable hydrogen in Porvoo,” said Markku Korvenranta executive vice-president of Neste’s oil products business unit Committed to using renewable hydrogen at the Porvoo refinery as a means of attaining its own decarbonization goals and contributing production to help fulfill Finland’s distribution obligation under the European Commission’s (EC) requirements for Renewable Fuels of Non-Biological Origin (RFNBO) Korvenranta said the company will continue working with partners to develop hydrogen ecosystems connected to its Porvoo site As defined by the EC, RFNBOs are synthetic drop-in fuels mostly derived from electricity that can cover part of the European Union’s (EU) demand in the coming years (OGJ Online, Sept. 12, 2024) Porvoo’s planned transformation will proceed in phases and will equip the site with a long-term capacity potential of about 3 million tpy for renewable and circular products Implementing Neste’s proprietary technologies for chemical recycling of waste plastic for gradual integration into Porvoo’s refining operations PULSE is scheduled for completion and startup in January 2028 after which it will gradually ramp up to its full 400,000-tpy processing capacity of liquefied waste plastic to reduce 10.3 million tpy in carbon dioxide-equivalent emissions during its first 10 years of operation Neste partnered with Norway-based hydropower producer Statkraft and wind farm developer Ilmatar to help transition its operations to a more sustainable energy supply via deliveries of renewable wind power to the Porvoo refinery which has exclusively used renewable electricity since yearend 2022 Statkraft began supplying wind-generated power to Porvoo in August 2022 with deliveries from Ilmatar following in 2023 Statfraft and Ilmatar will supply about 290 Gw-hr/year of renewable electricity Combined with an existing power purchase agreement with Fortum Neste said renewable wind power will account for about 40% of the refinery’s electricity usage by 2025 Robert Brelsford joined Oil & Gas Journal in October 2013 as downstream technology editor after 8 years as a crude oil price and news reporter on spot crude transactions at the US Gulf Coast He holds a BA (2000) in English from Rice University and an MS (2003) in education and social policy from Northwestern University Finland's transport ministry has completed a port state inspection of the tanker Eagle S the vessel suspected of sabotaging five Baltic Sea cables with its anchor on Christmas Day preventing it from leaving port until safety issues have been corrected Eagle S was boarded and detained by Finnish police on suspicion of severing four fiber-optic cables and one power cable by dragging its anchor taken into custody and moved to a secure anchorage for inspection by criminal investigators. The safety inspection was a separate administrative procedure and began after the police process was well under way.  During the weeklong inspection off Porvoo Traficom identified no less than 32 deficiencies aboard the aging Russia-linked tanker The discoveries aligned with previous reports about the vessel's poor material condition: an independent vetting examination found dozens of problems aboard last year and the tanker's last two port state control inspections turned up nearly three dozen more Traficom announced Tuesday that it has detained Eagle S for three of the 32 newly-identified problems These "serious" issues relate to shipboard fire safety navigation equipment and ventilation of the pump room as well as SMS deficiencies - a category identified in the last two inspections as well.  "The vessel has such deficiencies that it is not permitted to operate on it until the deficiencies are corrected Correcting the deficiencies will require repair assistance from outside the vessel and will take time," says Sanna Sonninen Finland's Director of Maritime Affairs There are other barriers to departure: eight crewmembers have been served with travel bans for suspected criminal activity; the ship's cargo has been impounded for a customs investigation; a subsea cable operator has sued to seize the ship for civil damages; and - in the most definitive detention measure possible - Eagle S may soon be trapped by Baltic ice until the spring thaw So far, Finnish police have found strong technical indications that Eagle S caused the cable breaks. The tanker's AIS track lined up with the time and place of the cable outages. It was missing an anchor when it was boarded, and the anchor was later recovered from the bottom, heavily damaged A dive inspection revealed that the tanker's hull has patches of newly missing paint near the bow a possible sign of recent anchor chain contact Maritime security experts have expressed strong doubt that the damage could have been accidental and suspicions immediately turned to Russian intelligence The Eagle S is an identified part of the Russia-serving "dark fleet" of irregular tankers and it was the third vessel in 15 months suspected of severing a subsea cable while headed to or from a Russian port European counterintelligence agencies have been combating a wave of Russian-backed arson and sabotage operations across the EU for more than a year.  Against this backdrop, Finland's security services have attracted praise for swift action in detaining the tanker Unlike the last two cable-damage incidents the suspect ship was diverted and seized before it could continue on its commercial voyage - even though it was operating in international waters outside of Finland's legal jurisdiction Finnish authorities say that the tanker crew voluntarily changed course towards Finland when requested; at an unspecified point during this evolution a tactical boarding operation involving the Finnish armed forces and an elite Finnish police team occurred.  "We should make it clear to the Russians that anytime there's an accident like this we are going to impound the vessel that was involved," said former US Army Commander in Europe Ben Hodges in an interview this week And it only gets worse until we act." MethodologyContact usSupportLogin Finnish biofuel producer Neste has announced it will no longer pursue its planned 120 MW electrolyzer project to produce renewable hydrogen at its Porvoo refinery in southern Finland citing challenging market conditions and financial performance as key factors citing difficult economic conditions.Similarly oil major Shell paused the construction of its 820,000-tonne-per-year biofuels facility at Rotterdam Energy and Chemicals Park in the Netherlands to address market and project delivery challenges.Despite such adjustments renewable hydrogen remains a key component in producing synthetic aviation fuel (eSAF).The eSAF process typically relies on renewable electricity to produce hydrogen through electrolysis which then combines with captured carbon dioxide to form carbon monoxide.This compound is further processed with hydrogen to produce synthetic crude which can ultimately be refined into renewable fuels.The International Renewable Energy Agency (IRENA) projects that hydrogen demand will rise to 613 million tonnes from 87.1 million tonnes in 2020.To meet this demand two thirds of the hydrogen must be green hydrogen – that is news and analysis essential for making informed decisions in the sustainable aviation fuel sector You will benefit from our extensive knowledge of feedstock markets and SAF production processes Amid “challenging market conditions and financial performance” Finnish oil refining and marketing company Neste has decided to re-evaluate its plans for renewable hydrogen production and withdraw from investing in a 120 MW electrolyzer at its Porvoo refinery Originally, Neste’s plan included building a 120 MW electrolyzer that would produce green hydrogen for the Porvoo refinery’s processes and was granted an energy investment aid of €1.96 million for heat recovery from the green hydrogen production The investment decision readiness regarding the green hydrogen project was expected to be reached during 2024 Neste revealed its decision to withdraw from investing in the 120 MW electrolyzer project following the completion of the basic engineering phase “The reasons behind the withdrawal are the company’s challenging market conditions and financial performance requiring critical assessment of any new investments Evaluation of this project has been impacted by the tight limitations on the use of renewable hydrogen in the refinery’s processes in fulfilling the Finnish national distribution obligation These limitations prevent the full economic utilization of electrolyzer of this size,” the company stated Executive Vice President for Oil Products business unit at Neste explained that the company continues actively evaluating alternative pathways for securing renewable hydrogen in Porvoo “Our ambition remains to utilize renewable hydrogen at the Porvoo refinery contributing also to fulfillment of the Finnish renewable fuels of non-biological origin (RFNBO) distribution obligation we continue the work to develop hydrogen ecosystems connected to our Porvoo refinery,” Korvenranta said At its Porvoo refinery, the company is producing its Neste Marine 0.1 co-processed marine fuel, which was piloted in 2022 as a solution for helping the maritime sector reduce greenhouse gas (GHG) emissions In addition to looking into opportunities for green hydrogen at the refinery, Neste is working on transitioning its refinery in Porvoo to non-crude oil refining and renewable and circular solutions site Daily news and in-depth stories in your inbox The Pioneers of Offshore Engineering GustoMSC part of NOV’s Marine and Construction business is recognized for providing advanced design & engineering consultancy for mobile offshore units and reliable equipment and technical knowledge into realistic & innovative ideas The performance of new and existing jack-ups Share on FacebookShare on X (formerly Twitter)Share on PinterestShare on LinkedInHANCOCK (WLUC) - UPDATE: A 30-year-old man has turned himself into the City of Hancock Police Department for a property damage incident in Porvoo Park in Hancock Friday night According to city police chief Tami Sleeman the man was issued a summons for failing to report the accident He will be responsible for repairs to the park and the department is waiting on a cost estimate from the city public works department Sleeman thanks the community for assisting in getting the situation settled Police have identified a man involved in a property damage incident at Porvoo Park in Hancock According to City of Hancock Police Chief Tami Sleeman the incident took place at Porvoo Park Friday around 10:50 p.m hitting a picnic table and moved onto the park’s boardwalk and in the process damaged the boardwalk’s railing The department reached out to the community for assistance over the weekend and we were able to identify who that vehicle belongs to,” Sleeman said The department encourages him to come forward as soon as possible “We still have to hear his side of the story,” added Sleeman TV6 will continue to update this story as new information becomes available The City of Hancock and the City of Hancock Police Department are seeking the public’s help in identifying a white pickup truck that damaged a portion of the boardwalk at Porvoo Park on Friday the vehicle drove over the grass and onto the boardwalk It then proceeded to turn around and broke boards and damaged the railing If you have any tips regarding the vehicle you can contact the City of Hancock Police Department at 906-482-3102 Please enable JS and disable any ad blocker Finnish President Alexander Stubb said on Tuesday that his country had stopped the crew of a Russia-linked oil tanker just minutes before it caused catastrophic damage to undersea cables in the Baltic Sea "Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," Stubb told reporters at this week's Baltic-focused NATO summit in Helsinki The tanker, the Eagle S, was seized in late December as Finland probed recent damage to its Estlink-2 power line one of two vital cables carrying electricity in the Baltic Sea Finnish investigators have accused the Eagle S crew of trying to sabotage the cables by dragging the ship's anchor for miles along the seabed The Finnish head of the investigation, Risto Lohi, told Reuters on Tuesday that the Eagle S would likely also have attempted sabotage on the other power cable "There would have been an almost immediate danger that other cables or pipes related to our critical underwater infrastructure could have been damaged," said Lohi who is the chief of Finland's National Bureau of Investigation Stubb said that Finland's security process for protecting the cables started with the private company overseeing them who then try to find possible ships around the location of the damage you identify the ship and contact the ship Stubb added that Finnish authorities would compel the ship to enter Finnish waters where officers could then legally board the vessel That process is set to change now. European members of NATO announced at the summit that they would launch a new program called the "Baltic Sentry," to collectively patrol near Baltic Sea infrastructure The surveillance program involves frigates and "a small fleet of naval drones," said NATO's secretary-general such as two fiber-optic data cables running between Finland and Germany Though the Eagle S is registered in the Cook Islands European officials say it's tied to Russia because it was carrying 35,000 tons of unleaded gasoline loaded in Russian ports Russia has denied being involved in any way with such sabotage The Russian Foreign Ministry did not respond to a comment request sent outside regular business hours by Business Insider Neste is expanding its logistics infrastructure for liquefied recycled raw materials at its refinery in Porvoo including materials such as liquefied waste plastic and liquefied rubber tires This lays the foundation to handling larger amounts of liquefied raw materials to support Neste’s strategic aims to advance chemical recycling and transform the Porvoo refinery into a renewable and circular solutions hub.  The new logistics installations comprise dedicated unloading facilities: At the refinery’s harbor Neste is building an unloading arm with a heating system as well as pipelines to connect the harbor with dedicated storage tanks liquefied waste plastic or discarded rubber tires require heating to stay liquid the systems need to come with higher resistance to corrosion In addition to the unloading arm and pipelines Neste is also building a vapor recovery unit contributing to emission control of the operations “The transformation of our Porvoo refinery into a renewable and circular solutions hub will require many individual steps and adjustments,” explains Jori Sahlsten Senior Vice President of Refinery and Terminal Operations at the Porvoo refinery in Neste’s Oil Products business unit “The new logistics infrastructure is one of these steps It puts us in a good position to process larger and continuous volumes of liquefied recycled raw materials This will be needed when we start using the new upgrading unit which is able to process 150,000 tons of liquefied waste plastic per year.” The new logistics infrastructure is expected to be completed in 2024. It will, therefore, be available when Neste finishes construction of its liquefied waste plastic upgrading unit at the Porvoo refinery, which is currently being built as part of the project PULSE the liquefied raw materials are turned into high-quality feedstock for the plastics and chemicals industry.  Iran Hydrogen Market Analysis: Industry Market Size Copyright © ChemAnalyst - 2020 | Terms & Conditions | Privacy Policy has concluded a major 2-month planned maintenance turnaround ahead of time at its 10-million tonne/year (tpy) refinery in the Kilpilahti industrial area of Porvoo 1 with the shutdown of process units and originally scheduled to run for 9 weeks with the refinery now online and processing crude oil as well as renewable and circular raw materials into more than 100 different products for global customers In addition to a host of unidentified regulatory inspections the turnaround involved maintenance works on about 5,000 pieces of equipment as well as asset improvement initiatives unable to be completed while the refinery was in operation senior vice-president of Neste’s refinery and terminal operations for Porvoo’s oil products business Other works specifically focused on pressure equipment Despite the refinery’s entire shutdown for the major turnaround the Kilpilahti harbor in Porvoo and the refinery’s distribution terminal continued to operate normally with product deliveries to customers uninterrupted across the period Completion of the turnaround—which required an overall investment of about €390 million— comes as part of Neste’s commitment to securing the safety and competitiveness of its Porvoo operations as well as contributes to the company’s ambitions to make the Porvoo site Europe’s most sustainable refinery by 2030 and reach carbon-neutral production by 2035 buses and heavy machinery used by the 7,600 workers involved in the turnaround were powered by the operator’s proprietary Neste MY Renewable Diesel helping to reduce greenhouse gas (GHG) emissions at the site Neste’s previous reduction of its turnaround interval to a shorter cycle of 2.5-3 years from a former 5-year interval has also enabled the operator with more flexibility to implement investments under its ongoing transformation of the Porvoo refinery into a leading renewable and circular solutions refining hub by the mid-2030s executive vice-president of Neste’s oil products business Formally announced in December 2023, Porvoo’s planned transformation will proceed in phases and, upon completion, will equip the site with a long-term capacity potential of about 3 million tpy for renewable and circular products (OGJ Online, May 14, 2024) The major turnaround with scheduled maintenance of Neste’s Porvoo refinery in Finland has now been successfully completed and refining of crude oil as well as renewable and circular raw materials into more than 100 different products to customers globally continues Executive Vice President in Oil Products business unit at Neste “We completed a large number of regulatory inspections as well as asset improvement initiatives at the Porvoo refinery that cannot be done when the refinery is operating The turnaround works focused on pressure equipment as well as rotating equipment and pipelines We would like to thank everyone for their seamless cooperation expertise and active dialogue during this time and throughout the turnaround,” Jori Sahlsten Senior Vice President of Refinery and Terminal operations from the Oil Products business at Neste Porvoo summarizes the Porvoo refinery was one of the largest construction sites in Finland some 7,600 people took part in the turnaround works and completed over 1.4 million working hours The major turnaround investment in 2024 totaled approximately 390 million euros The major turnaround did not affect product deliveries to Neste’s customers The Kilpilahti harbor in Porvoo and the refinery distribution terminal operated normally during the major turnaround By adopting innovative processes for reusing waste products Finland has reduced its mixed plastic waste by 50 percent and improved its recycling rate by almost 20 percent in 2023 An important step towards preserving the earth’s resources and supporting customers in meeting their sustainability commitments the recycling efforts will save the equivalent average weight in polypropylene of 16 Alder trees in 2024 ABB Electrification’s Smart Buildings factory that manufactures electrical installation products and accessories has found a way of reusing waste plastic produced by injection molding processes By introducing new technologies and processes the 6,600 square meter plant moves closer to a circular economy of raw materials The OECD's plastics report1 states that just six percent of global annual plastic production uses recycled materials The main raw material for plastic production is still naphtha With the commitment of employees and industry partners side stream waste plastic at Porvoo now ends up in the form of an oil product for use by the broader plastics industry that returns the oil product back to the industry for future use via chemical recycling using the pyrolysis process  ABB also partners locally with waste management company Verdis the plastics industry needs to make a significant green transition which is only possible if the separate collection of plastic waste becomes more efficient and new technologies such as chemical recycling are added to the recycling of plastic waste alongside mechanical recycling," said Kaisa Suvilampi Building and Home Automation Solutions at ABB Electrification’s Smart Buildings 1 https://www.oecd-ilibrary.org/environment/global-plastics-outlook_de747aef-en ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered, and operated. Building on over 140 years of excellence, ABB’s more than 105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com  ABB's website uses cookies. By staying here you are agreeing to our use of cookies. Learn more I agree ProductionOil refiner scraps 120MW green hydrogen project in FinlandNeste has cancelled plans to install electrolysers at its Porvoo site but still aims to use renewable H2 to fulfil quotas The Archbishop of the Evangelical Lutheran Church of Finland THE General Synod heard on Friday from an ecumenical guest the Archbishop of the Evangelical Lutheran Church of Finland In his address, he recalled a visit, 30 years earlier, to St Mary’s Cathedral, Edinburgh, when the Scottish Episcopal Church was the first to join the Porvoo Agreement; he described the relationship with the Anglican Church as special: “We are not in full communion with any other denomination.” A milestone had been the joint declaration on the doctrine of justification between the Lutheran World Federation and the Roman Catholic Church: “A sign that the prejudices and tensions of past centuries had dissipated In relations between the Roman Catholic and Lutheran churches in Finland we have a long and vigorous tradition of ecumenical co-operation,” he said The Finnish Church has gained much as a result of ecumenical convergence We have maintained our own tradition and confessional basis but at the same time we have adopted much from the Anglican This is especially visible in our leadership which has seen strong renewal in recent decades “Our appreciation of liturgy has increased and we have been influenced by our ecumenical sister churches in music when I was listening to the concerns of the Scottish Episcopal Church 30 years ago that rapprochement with one Church did not mean turning one’s back on others; nor does it mean endangering one’s own Church “Responsible ecumenism seeks a common path that can be walked together so that the tradition theology and characteristics of both churches can be respected and cherished.” “We must ask ourselves and each other again and again what this communion means today How can we work hard and bear witness to God in this challenging and complex world together as sisters and brothers in Christ May God bless the Church of England and her mission.” Sam Atkins/Church TimesThe Bishop of Tampere The Bishop of Tampere, the Rt Revd Matti Repo, told the Synod about the joint work of confirmation training between Tampere in Finland and the diocese of Manchester centred on summer camps for confirmands — a key training ground for junior leaders and was “a model of co-operation” that had the practical support of bishops He described Scargill House as a “paradise” The bishops had brought two of the young leaders currently on the Yorkshire camp They spoke engagingly and with maturity about the joy of meeting other young Christians and lets you see the world differently.” Young leader-led Bible study groups They train for two years to be leaders. “The camps become a big part of your life,” they said in conclusion.” Synod gave them sustained applause after a video presentation featuring the camps and their ethos, with input from Susie Mapledoram, diocesan youth officer for the diocese of Manchester the Most Revd Leonard Dawea (Anglican Communion guest) spoke movingly about his Church being the “offspring” of the Church of England There had been “wonderful discussion on food banks” He had been able to draw on the “foodbank of spirituality” in his time at the Synod: “I feel I have brought nothing except my love and prayers,” he said speaking of “so many unseen blessings to give thanks for” He continued: “It has been very obvious in the last four days that our Churches are not problem free We acknowledge the difficulties we encounter our struggles in relation to climate change and other issues I’d like to believe the challenges are yourds and ours — our challenge is together We bring our hopes to the Lord in prayer: this is what makes us the Body of Christ “We are better and stronger together than apart There is not much that we can offer you but our prayers for you — the spiritual food bank we are all capable of offering each other I hope we will all continue to hold together as one body.” The Archbishop of Canterbury replied: “That was deeply Your example and your faithfulness is something that touches our hearts deeply.” Nicholas Reed Langen examines the Supreme Court ruling on gender We are a partnership of six diverse and welcoming congregations in the northern districts of Milton Keynes offering a rich tapestry of worshipping traditions – Anglican USPG is looking to appoint 3 Trustees (lay or ordained) committed to global mission within the Anglican Communion The Diocese of Gloucester is looking for a practical team member to join the Department of Mission and Ministry who brings a creative and flexible approach as we seek to develop and implement innovative approaches to collaborative ministry across the Diocese The Bishop of Lincoln seeks an ordained colleague to lead in vocational discernment within the Diocese The Diocese of London is delighted to welcome applications for the position of Area Director of Ministry (Willesden) and Diocesan Clergy Wellbeing Adviser run jointly by Sarum College and The Church Times tickets available This online seminar, run jointly by Modern Church and The Church Times discusses the theology underpinning the drive for growth tickets available Non-subscribers can read four articles for free each month offers excellent opportunities for transforming and reusing existing assets and processes for new purposes such as upgrading liquefied waste plastic into high-quality petrochemical feedstock Neste has made the final investment decision to commence construction of upgrading facilities for liquefied plastic waste at its Porvoo refinery in Finland Neste will build the capacity to upgrade 150,000 tons of liquefied waste plastic per year Upgrading is one of the three processing steps turning liquefied waste plastic into high-quality feedstock for new plastics: pretreatment The investment is part of a broader project (PULSE*) which has received an EU Innovation Fund grant of 135 million euros if fully implemented and is targeting a total capacity of 400,000 tons per year Pretreatment and upgrading of liquefied waste plastic play an important role in Neste’s approach to chemical recycling They allow the company to increase flexibility for processing lower-quality plastic waste and scale up processing the liquefied waste plastic into high-quality petrochemical feedstock in its existing refinery in Porvoo “We have developed our capability to process circular raw material at the Porvoo refinery over the recent years and are now set to build a respective facility The new facility processing 150,000 tons of liquefied waste plastic is planned to be finalized in the first half of 2025,” states Markku Korvenranta Executive Vice President in Neste’s Oil Products The project  will see Neste building new assets at the Porvoo refinery but also leveraging existing assets through retrofitting to scale-up chemical recycling fast and efficiently The upgraded liquefied waste plastic will then be processed in the conventional refinery in which it will replace a portion of the fossil resources processed at the Porvoo refinery Required preparation works at the Porvoo refinery were successfully completed during the first half of 2023 enabling the construction work to commence without any delay *) PULSE = Pretreatment and Upgrading of Liquefied waste plastic to Scale up circular Economy Project PULSE is funded by the European Union Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or European Climate Infrastructure and Environment Executive Agency (CINEA) Neither the European Union nor the granting authority can be held responsible for them Neste is the sole beneficiary of Project PULSE’s funding by the European Union Further information: Please contact Neste’s media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe The tanker responsible for damaging the Estlink 2 cable linking Finland to Estonia has been detained indefinitely by Finland's National Bureau of Investigation (NBI) and is currently moored off the town of Porvoo Finnish authorities have confirmed ongoing collaboration with Estonia to advance the investigation and ensure better maritime security in the Gulf of Finland investigators from Finland's transport and communications agency thought to be one of hundreds of vessels which make up Russia's "shadow fleet," to assess its technical condition eight of whom have had their movements restricted by the NBI Head of Finland's central criminal police Elina Katajamäki told "Aktuaalne kaamera": "Based on these findings the freedom of movement for eight individuals has been restricted under suspicion of a criminal offense this number could change as the interrogations continue and new details emerge." we have aimed to identify who was involved in the incident and who was responsible for the ship's route at the time," she went on "There has been excellent cooperation both among Finnish authorities and internationally We have also exchanged information with Estonia," Katajamäki added Finland's border guard is monitoring Russia's shadow fleet in the Gulf of Finland Deputy Commander Ilja Iljin of the West Finland Coast Guard stressed the importance of joint exercises with Estonian authorities to prepare for any potential spills we will be working with the Estonian authorities to contain "We have practiced this cooperation through tabletop exercises and operational ship drills," he added The Eagle S's trailing anchor is thought to have damaged the Estlink 2 cable to the extent that this will be offline for several months Follow ERR News on Facebook and Twitter and never miss an update! 0)" class="article-poll-disclaimer" ng-bind="totalVotes + ' hääletajat'"> {{option.votes}} {{selectedLanguage.poll.votes}}/ Iga kasutaja võib hääletada {{poll.optionLimit}} vastusevariandi poolt Finnish authorities have successfully relocated the Eagle S oil tanker to a more secure anchorage at Svartbäck, near the Kilpilahti harbour in Porvoo, as part of the ongoing investigation into the Christmas Day damage to the Estlink 2 subsea power cable is being held as part of an ongoing investigation and further questioning of its crew Helsinki Police Superintendent Heikki Porola confirmed that the tanker arrived at its destination around 4pm on Saturday The vessel's relocation from 15 kilometres off the coast of Porkkala to Porvoo was undertaken to facilitate investigative measures "The vessel's captain and crew have remained on board and active during the move focusing on whether this ship caused the damage," Porola told Yle The secure location allows authorities to conduct technical crime scene investigations and crew interrogations more efficiently remains on board under supervision by Finnish Customs the Finnish authorities' swift action on Christmas Day was driven by concerns that the Eagle S could damage additional critical infrastructure including the Estlink 1 power cable and the Balticconnector gas pipeline Reports indicated that these facilities were at risk within hours of the tanker's initial suspected involvement The possibility of damage to Estlink 1 and Balticconnector was previously reported by Helsingin SanomatOpens an external website the vessel could have broken Estlink 1 within half an hour if it had continued on its route Within an hour it would have reached the location of the Balticconnector gas pipeline In addition to the cable damage investigation Finnish Customs is conducting a preliminary inquiry into potential violations related to the tanker's cargo Customs Director Hannu Sinkkonen stated that authorities are examining whether there is a basis to launch a formal investigation into the cargo's compliance with international sanctions flagged under the Cook Islands and reportedly linked to Russia's so-called "dark fleet," or "shadow fleet," is under scrutiny for its role in the incident These ageing vessels often lack transparency in ownership and pose environmental and security risks and are used by Russia to circumvent sanctions Germany has called for new sanctions against Russia's shadow fleet German Foreign Minister Annalena Baerbock said on Saturday "It's more than difficult to still believe in coincidences This is an urgent wake-up call for all of us," Baerbock said The Finnish Transport Infrastructure Agency (FTIA) has secured the anchorage at Svartbäck describing it as a sheltered location ideal for the ongoing investigation No other ships are currently in the area and maritime traffic remains restricted to maintain security around the tanker Authorities have reiterated that the investigation is in its early stages and have yet to draw definitive conclusions about the incident's origins or potential connections to hybrid interference The British maritime media Lloyd's ListOpens an external website reported on Friday evening, based on an anonymous source, that the Eagle S was carrying espionage equipment designed to intercept Nato maritime and aircraft radio communications. Finnish authorities have not confirmed this information. Open image viewerImage: Mikael Kokkola / YleYle News4.2 12:19Flea market chain Jussin Jättikirpis has taken a stand against fast fashion by banning quickly produced trend-driven clothing — often manufactured in China — from its sites "We have decided to ban the sale of ultra-fast fashion (Temu Wish) at Jussin Jättikirpis," the firm states on its website "Now we have so-called proper clothes for sale There are certain clothing brands that people order a lot from China These garments often end up at flea markets and they have also been found to contain toxins," said Tua Salomaa Open image viewerThis sweater gets Tua Salomaa's seal approval Image: Mikael Kokkola / YleThe response from customers has been mixed "Some people think it's great and support our decision Others don't like it since they can't sell their clothes here," she added flea market staffers sort through the sales tables removing fast fashion and counterfeit items "Sometimes we don't notice these clothes until we ring them up at the checkout Sometimes we throw the clothes in the trash since they can be contaminated with toxins and plastics The Finnish flea market's move is not unique some secondhand retail sites have banned fast fashion from their platforms raising broader questions over how fast fashion should be recycled Users with an Yle ID can leave comments on our news stories. 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Our guidelines on commenting and moderation are explained here In accordance with its ambition to reach carbon neutral production by 2035 Neste is working on a 120 MW electrolyzer project to produce renewable (i.e green) hydrogen at its Porvoo refinery in Finland The company has now decided to proceed to the basic engineering phase with the project The investment decision readiness is expected to be reached in early 2024 green hydrogen production could start in 2026 “Our project is one of the largest development projects to produce green hydrogen in the European refineries and it supports our goal to transform the Porvoo refinery to the most sustainable refinery in Europe by 2030 The green hydrogen would be primarily used in our Porvoo refinery’s processes where it would replace hydrogen produced from fossil feedstocks,” says Markku Korvenranta Production of green hydrogen also generates renewable heat In connection with the 120 MW green hydrogen project Neste has started a preliminary study with Porvoon Energia on the utilization of renewable heat in district heating Porvoon Energia is a regional Finnish energy company focusing on heat and electricity production and distribution as well as development of the electricity network Hydrogen projects at Neste’s Porvoo refinery contribute considerably to the EU green hydrogen value chain Neste became the first Finnish company to receive IPCEI (Important Project of Common European Interest) status from the European Commission for its hydrogen projects Business Finland awarded Neste EUR 27.7 million of public funding for its renewable hydrogen projects at the Porvoo refinery Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe HELSINKI FINLAND ook Islands registered oil tanker Eagle S anchored near the Kilpilahti port in Porvoo Finland on the Gulf of Finland on January 13 The tanker is suspected of the disruption of the Finland-Estonia electrical link Estlink 2 and the tanker is also suspected to be part of the so-called Russian shadow fleet The investigation into the Baltic Sea undersea cable damages linked to the oil tanker Eagle S has intensified with Finnish authorities naming a ninth suspect are accused of aggravated damage and aggravated disruption of telecommunications The Finnish National Bureau of Investigation (NBI) confirmed that the latest suspect The 24-member crew consists of citizens from India and Georgia Authorities suspect the Eagle S dragged its 11-ton anchor across the seabed on Christmas Day severing the Finland-Estonia Estlink 2 power cable and damaging four data cables Underwater investigations revealed a 100-kilometre-long drag mark on the seabed which led to the recovery of an anchor near the affected area stated that the anchor retrieved from the Gulf of Finland is likely linked to the Eagle S "The investigation has provided a relatively clear picture of the events but it is too early to determine whether the act was intentional," Lohi said is now shifting focus to the evaluation of collected evidence Lohi noted that the investigation continues to prioritise understanding the intent behind the incident a Cook Islands-flagged tanker suspected of being part of Russia’s so-called “shadow fleet,” has been detained near Porvoo Finnish customs have also seized its cargo of approximately 35,000 tonnes of unleaded petrol investigating potential sanctions violations visited Finland last week to discuss the case Finnish maritime authorities reported positive cooperation with the island representatives a self-governing territory with ties to New Zealand is aware of the allegations and is monitoring the case closely Advertisement inquiries and other after-sales issues: info@helsinkitimes.fi Helsinki Times is the first and only English language newspaper providing news about Finland in English A weekly print edition of Helsinki Times was published from March 2007 up until Feb Helsinki Times is an online-only publication and other groups and individuals interested in Finland from all around the world © Helsinki Times All rights reserved.  Terms of Use | Privacy Policy Building on its capability of proactive transformation Neste launches a strategic study on transitioning its refinery in Porvoo Finland to non-crude oil refining and into a globally leading renewable and circular solutions site Through co-processing and retrofitting of units and benefiting from available refining assets Neste targets to significantly grow its renewables and circular production in Porvoo long term The transformation under study would start with the co-processing of both renewable and circular feedstock and could continue with retrofits of existing units at a later stage with a long-term capacity potential of 2 to 4 million tonnes per year The targeted transformation would lead to a discontinuation of crude oil refining in Porvoo in the mid-2030s Neste will also continue to actively study opportunities of green hydrogen at its Porvoo refinery These developments would significantly contribute to the realization of Neste’s climate commitments and make Neste a global frontrunner in the transformation of the fossil fuel industry “Neste’s growth strategy is centered on renewable and circular solutions We continue to set our ambition level high launching this study on the long-term transformation path for our Porvoo refinery and targeting to ultimately replace crude oil with alternative feedstocks The Porvoo site provides a flexible and large-scale base that can grow into a major site for our renewables and circular business,” says Matti Lehmus Transformation of such scale would create the need for significant investments over the coming decade Separate investment decisions would be taken as the planning proceeds As the time span of the plan is more than a decade it would be built on modularity and flexibility and could be adjusted to reflect variations in the pace of change in both the renewable and circular businesses as well as in traditional refining Neste will continue to provide access to fossil fuel products for its customers Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m Chemical recycling turns waste plastic back into hydrocarbons that can be used as a raw material for the production of new plastics and chemicals, complementing existing recycling technologies, e.g. mechanical recycling. It helps to close the loop within a circular economy.  PULSE plays a major role in scaling up chemical recycling. The project aims to implement proprietary technologies to upgrade liquefied waste plastic and integrate these technologies into Neste’s refinery operations in Porvoo, Finland. Upgrading is a crucial step in turning liquefied waste plastic into high-quality petrochemical feedstock. Neste started refining liquefied waste plastic on an industrial scale in 2020, and has since processed increasing volumes in several runs. While unprocessed liquefied waste plastic is feasible in limited campaign runs, scaling up continuous processing will require the upgrading step to remove impurities and optimize the chemical composition. In June 2023, Neste made a final investment decision to commence construction of upgrading facilities in Porvoo in the course of project PULSE. With the investment of 111 million euros, Neste will build the capacity to upgrade 150,000 tons of liquefied waste plastic per year. The new facility is planned to be finalized in 2025. Following COP28, the world has now set its sights on a fossil fuel free future, and the International Energy Agency (IEA) sees oil and gas demand peaking by the end of the 2020s. A frontrunner in renewable fuels, Neste is already out of the starting blocks with ambitious plans that could see its last remaining crude oil refinery in Finland discontinuing to process fossil oil in the next decade. Is this proof that fuel companies can be a part of the solution for a more sustainable future? sustainable aviation fuel and renewable feedstock solutions for polymers and chemicals production as he outlines the transformation under way at Neste’s refinery in Porvoo “These ambitious changes mean Neste as a whole shares the same strategy and all of our businesses can work together towards the same goals,” says Oja a member of Neste’s Oil Products leadership team and responsible for the business’ supply chain management Neste has been a global leader in renewable diesel since it developed its NEXBTL refining technology in the 1990s and the Porvoo refinery was the site of Neste’s first two NEXBTL units which to this day continue to produce high-quality renewable products from 100% renewable raw materials While Neste constructed two new renewables-only refineries in Rotterdam and Singapore Porvoo has continued to refine crude oil as well – for now The company’s flexible transformation plan means the Porvoo refinery will gradually transfer into a renewable and circular (such as liquefied waste plastic) solutions refinery – with the option of Porvoo going crude oil free in the mid-2030s Neste’s decision to begin the Porvoo refinery transformation was announced in December 2023 as the United Nations Climate Change Conference (COP28) in Dubai closed with an agreement that UNCC executive secretary Simon Stiell called “the “beginning of the end” of the fossil fuel era Although environmental campaigners were angered that the nearly 200 countries at the climate summit did not agree to “phase out” or “phase down” fossil fuels the final agreement to “transition away” was still hailed as historic – and was the first to mention fossil fuels rapid and sustained reductions in greenhouse gas (GHG) emissions” to keep the Paris target of limiting global temperature rises to 1.5C above pre-industrial levels with a global stocktake aimed at forcing countries to develop stronger climate action plans (known as nationally determined contributions) by 2025 With GHG emissions needing to be cut by 43% (from 2019 levels) by 2030 and 60% by 2035 to limit warming to 1.5C can fossil fuel companies transform themselves to become part of the solution “Neste’s Porvoo refinery is one of the most complex and advanced refineries in Europe,” says Markku Korvenranta Executive Vice President of the Oil Products business unit at Neste “Neste is already a big player in the transition and our plan for Porvoo refinery will help us stay ahead of the curve." which would help replace fossil hydrogen in the refinery processes and offer the possibility of a district heating integration project with a local energy company as transforming such a complex refinery takes a long time,” says Korvenranta “By the 2030s and 2040s we will be able to process the most challenging raw materials Large amounts of waste and residues from existing forestry and agricultural production remain underutilized as few companies can process these types of lignocellulosic biomass be transformed into valuable renewable products.” “For now we are at the very early stages of our transition In the mid-2030s we will have the option to stop crude oil refining altogether but our plan is flexible and we can move at different speeds according to the geopolitical situation the targets of governments and the needs of our customers.” “We’ve made a lot of progress in the past couple of years with waste plastic and renewable raw materials,” adds Oja “There is huge potential in chemical recycling of waste plastics and we have ambitious targets for increasing our capacity to process liquefied waste plastic into high-quality raw materials for new plastics.” the absolute volumes of renewable and circular products and solutions coming from our conventional oil refinery are still modest in comparison to fossils but last year the liquefied waste plastic processed was double the previous year’s volumes – and over the coming years the volume increase of both renewable and recycled solutions will be significant.” After a year confirmed as the hottest on record and with warnings that 2024 could be even hotter can oil and gas companies – which currently supply more than half of global energy needs – be a part of the change we need to see in the world “Yes,” says Christophe McGlade, head of the Energy Supply Unit at the International Energy Agency (IEA) and lead author of its The Oil and Gas Industry in Net Zero Transitions report “But as a whole the oil and gas industry is not there Oil and gas producers account for only 1% of total clean energy investment globally – and more than 60% of this comes from just four companies Most of the industry is not engaged in a meaningful way with net zero transition They need to change if they want to be as big a part of the energy system as they are today.” while there is no single blueprint for change transport and processing of oil and gas result in 15% of global energy-related GHG emissions: “A huge amount equivalent to all energy-related GHG from the United States.” “There’s an awful lot the industry could be doing – mainly with methane emissions,” he adds The lack of even a target for reducing the emissions of companies responsible for the majority of the world’s oil and gas output shows the scale of the change needed Under existing policies, the IEA sees oil and gas demand peaking by the end of the 2020s – but that decline is not enough for the world to limit warming to 1.5C. That would require the global energy sector reaching net zero by 2050, with oil and gas use falling by 75%. It is important to note, that even in this best case net-zero scenario, there is no expectation for oil and gas production to completely disappear. The IEA says that even in a 1.5C scenario, around 24 million barrels per day of oil will still be produced in 2050, as well as 920 billion cubic meters of gas. “But not all producers can be the last ones standing,” McGlade points out. “Many say they will be the ones to keep producing through transition and beyond, but they cannot all be right.” Although critics feel the wording of the COP28 agreement on “transitioning away” from fossil energy was watered down, McGlade is feeling confident for the future: ”The language [of the COP28 agreement] is still very strong – it still has meaning. You can go to each country and say, you signed up to this – what are you doing? It sends a very clear signal on the direction of travel and what policymakers need to do.” Korvenranta agrees and believes that Neste, already making concrete changes and transitioning its Porvoo refinery into solely renewable and circular solutions, will be showing the way. He concludes: “The reality is that change is coming. And at Neste, we have been preparing for this for 15-20 years.” Nick van Mead, an award-winning city journalist with more than 20 years at the Guardian and the Associated Press, most recently as deputy editor of Guardian Cities. The top 5 sustainability trends of 2025 As the urgency to tackle climate change continues to ramp up, so does the world’s approach to sustainability, hallmarked by ever-increasing ambition, innovation Harnessing emerging technologies to advance human rights in business Innovative technologies have great potential to bring transformative solutions to assess and improve human rights impacts of busine Reducing your carbon footprint through co-processing, one drop at the time The world needs to reduce its dependence on fossil resources, and Neste is leading the way with its renewable and circular so A ‘fundamental shift’ in sustainability reporting: the expected impact from the CSRD The biggest EU companies are working hard to prepare their first submissions under the new Corporate Sustainabilit A summer of sports: overcoming the hurdles of sustainability Sports fans worldwide are having a feast in Europe this summer, as iconic live sporting events converge on the continent. While they are am Neste Insights newsletterSubscribe to our exclusive newsletter for expert analysis on circular economy and renewable solutions. Open image viewerImage: Matt Baron / Shutterstock / All Over PressYle News23.6.2024 14:34Sharp-eyed eaters spotted American actor Mel Gibson at the Meet District restaurant in Porvoo's old town this weekend The restaurant confirmed to Yle that Gibson had indeed visited the eatery it was definitely him," said Meet's restaurant manager "We did not know he would be visiting us," she said of the actor's unexpected visit the 68-year-old actor was able to have his meal in peace "The other customers let him eat his food in peace he took some photos with fans," she said Gibson gained international fame as the lead actor in the Mad Max film series He is best known for his roles as a troubled cop in Lethal Weapon and as the Scottish freedom fighter William Wallace in Braveheart Finland is among the most efficient and versatile refineries in Europe and processes crude oil renewable and recycled raw materials into more than 100 products to customers globally The Porvoo refinery is equipped with rare capabilities – it is one of the most efficient and versatile oil refineries in Europe with the technical expertise and capabilities necessary for a green transition the focus of the Porvoo refinery transformation is planned to be on energy efficiency and renewable hydrogen a drop-in feedstock for petrochemicals production – is turned into high-quality polymers and chemicals The Porvoo refinery is located in the Kilpilahti business area, which is one of the most significant hubs for bio and circular economy in the Nordic countries. The Porvoo refinery employs some 1,000 persons. The overground and underground tanks at the Porvoo refinery provide almost 8 million cubic meters of storage capacity for raw materials and end products. In Finland, Neste has two harbors and six terminals. The harbors are located in Porvoo and Naantali and discharge some 24 million tons of crude oil, renewable and chemically recycled raw materials; fossil, renewable and circular products; as well as other end products a year. End products are delivered to Finnish coastal terminals, the Baltic Sea region, Central Europe and the Americas. Neste’s Porvoo harbor is the biggest in Finland when measured in tons, with some 1,200 ship calls every year. Neste’s distribution terminals load some 350 trucks a day and are located in Porvoo, Naantali, Hamina, Kokkola, Kemi and Tornio. Since 2011, Neste has produced renewable products at the Rotterdam refinery in the Netherlands. Singapore refinery Neste’s Singapore refinery that produces renewable products, started its operations in 2010. Sustainability Sustainability and safety are an essential part of Neste's business operations, also in our fossil fuel refineries. OMV AG subsidiary Borealis AG has taken final investment decision (FID) to move forward with a revamp of an existing steam cracker at Borealis Polymers Oy’s integrated petrochemical complex in Porvoo to expand the unit’s capacity for production of ethylene and propylene from renewable and recycled feedstocks Approved at an overall investment of €4.5 million ($4.9 million) the project will involve modifications to three of the cracker’s 10 furnaces that will enable the olefins unit to produce a total 120,000 tonnes/year (tpy) of base chemicals from a feedstock of renewable and recycled materials Already underway and scheduled for completion in 2025 the project comes as part of the operator’s Borealis Strategy 2030 that—in addition to supporting the goal of achieving net-zero emissions across operations by 2050 in line with the global energy transition—seeks to proactively accelerate the transition to a circular economy through circular use of base chemicals Equipped with current ethylene and propylene nameplate production capacities of 430,000 tpy and 263,000 tpy the Porvoo steam cracker predominantly uses a feedstock mix of naphtha Borealis and OMV said the Porvoo complex’s current production of renewable-based and chemically recycled olefins previously secured ISCC System GmbH’s  International Sustainability and Carbon Certification Plus (ISCC+) designation an international certification program that recognizes a company’s responsible approach to sustainable development for circular materials across the supply chain including advanced recycling processes to recover waste and residues that can be turned into feedstock for circular plastics Borealis said its suppliers produce ISCC+-certified hydrocarbons entirely from renewable raw materials which the operator subsequently converts into ISCC+-certified cracker products which are ultimately used to produce high-performance plastics and chemical intermediates Borealis confirmed it contracted for about 36,000 tpy of renewable feedstock during the year primarily for feedstocks derived from used cooking oil Amid a current dearth in renewable feedstock availability at an affordable price that could hinder the operator’s ability to achieve its circularity targets Borealis said it also further developed its supply chain solutions in 2023 for transporting renewable feedstocks such as biodiesel and biopropane to its production sites in Porvoo The operator additionally confirmed setting up a dedicated supply chain solution in 2023 for chemically recycled feedstock from its majority owned Renasci NV’s recycling site in Belgium to the Porvoo cracker via a multimodal solution with iso-containers and vessels Borealis is targeting production capacity for circular solutions of 600,000 tpy by 2025 and 1.8 million tpy by 2030 the company’s total production capacity for circular solutions was 195,200 tpy Borealis also processed 116,300 tpy of circular feedstock ABB has achieved carbon neutral operations at its factory in Porvoo reducing CO2 emissions by 636 tons in its first year This saving is equivalent to driving 112 times the length of the equator or warming an electric sauna every day for 373 years and renewable technologies the Porvoo factory has taken an important step towards a more sustainable value chain The 6,600 square meter site producing wiring accessories and installation materials for the smart buildings market in the Nordics now utilizes 100 percent renewable energy By using recycled plastic as a raw material the carbon footprint has been reduced by a further 106 tons a year On-site electric vehicle (EV) charging for employees and visitors are also charged with renewable energy With no use of fossil fuels at all, Porvoo becomes the latest ABB facility worldwide to achieve carbon neutral operations to-date using state-of-the-art technologies from ABB and its partners, through the ongoing Mission to Zero™ program Mission to Zero provides the blueprint for ABB’s journey to carbon neutrality both for its own sites and those of its customers As well as helping global emission targets the program helps to assure better air quality and biodiversity in communities was installed to help the facility manager understand the carbon footprint of the site and manage energy consumption The Porvoo site recycles energy from its factory production featuring both a geothermal system and solar technology to utilize heat from air compressors and heat recovery from the cooling networks serving the plastic machinery This is achieved by installing rotary screw compressor that extract the heat that would otherwise dissipate into the atmosphere Retrofitting the facility at Porvoo enabled it to decrease its total energy consumption by 21% using heat recuperation from production a heat pump and free-standing solar photo voltaic technologies As part of its Sustainability strategy 2030 ABB is partnering with its customers and suppliers to reduce their emissions and achieve carbon neutrality in its own operations by 2030 with the company’s leading technologies ABB made strong progress towards its carbon neutrality target reducing its CO2 emissions by 39 percent ABB has committed to electrifying its entire vehicle fleet of more than 10,000 vehicles and sourcing 100 percent renewable electricity by 2030 44 percent of ABB’s global new vehicle orders were already for either electric vehicles or plug-in hybrid vehicles The share of certified green and self-generated solar electricity increased to 51 percent More than 100 energy-efficiency projects were implemented across ABB 1 https://www.weforum.org/impact/carbon-footprint-manufacturing-industry/ ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive By connecting software to its electrification ABB pushes the boundaries of technology to drive performance to new levels With a history of excellence stretching back more than 130 years ABB’s success is driven by about 105,000 talented employees in over 100 countries ABB Electrification is a global technology leader in electrical distribution and management from source to socket As the world’s demand for electricity grows our 50,000+ employees across 100 countries collaborate with customers and partners to transform how people connect solutions and digital technologies that enable energy efficiency and a low carbon society across all sectors By applying global scale with local expertise deliver excellence for customers and power a sustainable future for society Sustainability has been a part of Neste’s operations and strategy already for decades. At the Porvoo refinery in the southern part of Finland, environmental indicators have been monitored from the start when the refinery was built some 60 years ago. which were water quality studies where the state of zoobenthos and water quality in the sea area was mapped sustainability meant focusing on local emissions including seawater and air pollution the monitoring is carried out on a much broader scale biodiversity and the condition of the soil Neste’s was the first company to establish its own corporate environmental department in Finland – and probably among the first of its kind also globally We are still pioneers in developing more sustainable solutions and operations and operations in reporting on environmental impacts and in implementing responsible actions into the core of our business Investments in technologies have helped us to significantly reduce emissions and given us competitive advantage by enabling the production of more sustainable products Emissions to the air have significantly reduced since the 1980’s; sulfur dioxide emissions (SO2) over 90% and nitrogen oxides emissions (NOx) are 50% lower there has been a positive impact on the bioindicators that represent the most susceptible organisms to air pollution Latest results show that the needle nutrient levels are at the same level as in non impacted natural forests the land surface area of impacted boreal forest lichens has shrunk from a diameter of 10 kilometers to less than three Also the oil hydrocarbon discharges (after wastewater treatment) to surface waters have also been reduced to very low levels There are air quality monitoring stations right at the refinery as well as further away to see the impacts on the nearby residential areas Also dozens of groundwater monitoring wells and noise measurement locations encircle the Porvoo refinery Neste’s environmental department reads the data and “translates” it into practical actions needed in the refinery operations and in the future changes such as Porvoo transformation activities Equipment for environmental monitoring in an old barn house This is an air quality measuring station operated by Neste in an island called Löparö in 1985 Neste submits the sea water and air quality monitoring data to the official open source databases and reports to the authorities as well as work closely with our other key stakeholders (such as research institutes and municipalities) we have conducted biodiversity inventories at our Porvoo refinery and Naantali terminal areas in Finland where we piloted practical methods for measuring biodiversity The aim was to better understand the natural values of these habitats we initiated a preliminary study to evaluate opportunities for ecological compensation at areas close to our Porvoo refinery One action was to examine the possibility for ecological restoration of a creek in the near proximity of the refinery to make it a better waterway for natural fish spawning areas The top 5 sustainability trends of 2025 As the urgency to tackle climate change continues to ramp up so does the world’s approach to sustainability Reducing your carbon footprint through co-processing one drop at the time The world needs to reduce its dependence on fossil resources and Neste is leading the way with its renewable and circular so A summer of sports: overcoming the hurdles of sustainability Sports fans worldwide are having a feast in Europe this summer as iconic live sporting events converge on the continent Neste Insights newsletterSubscribe to our exclusive newsletter for expert analysis on circular economy and renewable solutions Finnish company Neste has completed the strategic study and begins a gradual transformation of its crude oil refinery in Porvoo into a renewable and circular solutions refining hub Neste launched the strategic study in September 2022 with an aim to significantly grow its renewables and circular production in Porvoo long term, starting with the co-processing of both renewable and circular feedstock which could lead to retrofits of existing units at a later stage, with a long-term capacity potential of 2 to 4 million tonnes per year. The targeted transformation would lead to a discontinuation of crude oil refining in Porvoo in the mid-2030s. Having concluded the study, the company said the planned transformation will proceed in phases, with multiple separate investment decisions required during the next decade before targeted completion. The company expects the long-term capacity potential after the transformation to be about 3 million tons of renewable and circular products, such as renewable diesel, sustainable aviation fuel, and both renewable and circular feedstock for the polymers and chemicals industry. The total investment estimate for the transformation roadmap is approximately €2.5 billion. Recently, Neste was granted an energy investment aid of €1.96 million for heat recovery from the green hydrogen production planned for the Porvoo refinery. The Pioneers of Offshore Engineering GustoMSC, part of NOV’s Marine and Construction business, is recognized for providing advanced design & engineering consultancy for mobile offshore units and reliable equipment. In close cooperation with our customers, we translate experience, science, and technical knowledge into realistic & innovative ideas. The performance of new and existing jack-ups, vessels […] but storms in the late summer and autumn can bring rideable swells for a few days each a year Strong winds over the weekend have attracted surfers around Finland to the sea one of the most popular surfing spots on Finland's southern coast but they felt the waves could have been even higher the waves rose to around one and a half metres or shoulder-high in surfing lingo The winds this weekend have been a rare treat for surfers in Finland The ideal weather for Finnish surfing is only a few days a year enabling increased share of circular raw materials used in productionApril 9 The ISCC PLUS certification is a voluntary scheme that covers the entire supply chain based on mass balance accounting and guarantees compliance with the highest environmental standards "With a focus on reinventing essentials for sustainable living our EUR 4.5 million investment in our steam cracker in Porvoo moves us closer towards a future of circular economy transformation Through strategic furnace modifications and a commitment to renewable and chemically recycled base chemicals we are poised to elevate annual production to 120 kilotons forging a path of environmental stewardship and economic resilience," says Wolfram Krenn Borealis Executive Vice President Operations and Base Chemicals Florian GregerSVP Investor Relations & SustainabilityTel.: +43 1 40440-21600investor.relations@omv.com OMV GroupOMV PetromBorealis Group