Neste wages 120MW hydrogen project

• Standard design phase will currently begin at its Porvoo refinery in Finland

Neste has actually currently made a decision to proceed to the basic design phase with its 120MW green hydrogen project at its Porvoo refinery (envisioned) in Finland.

The investment choice readiness is anticipated to be reached in early 2024.

If an investment choice is made, green hydrogen manufacturing could start in 2026.

Executive vice president in Neste's Oil Products Markku Korvenranta said: "Our project is just one of the largest advancement projects to produce green hydrogen in the European refineries as well as it supports our goal to transform the Porvoo refinery to one of the most lasting refinery in Europe by 2030.

" The green hydrogen would be mainly used in our Porvoo refinery's processes, where it would replace hydrogen generated from fossil feedstocks."

In connection with the 120 MW green hydrogen project, Neste has actually started a preliminary study with Porvoon Energia on the utilization of sustainable heat in district heating.

Porvoon Energia is a regional Finnish energy firm concentrating on warmth as well as electricity production and distribution in addition to growth of the power network.