Starting from Neste’s most extensive electrification line at their Porvoo refinery, VEO has, over the years, provided similar systems also to Naantali. Another major deal was made in 2009, when Neste set up two new NExBTL* refineries for renewable diesel in Rotterdam and Singapore, a deal worth over 10 million for VEO. Considering the scope of the deal, the investment was massive for both Neste and VEO, who managed to deliver the project according to both customer demands and schedule.
Regarding the cooperation between VEO and Neste, a new era began in 2011 when an annual contract was made between the two parties. In order to streamline the purchasing process, delivery methods and prices were agreed upon, as was an annual purchasing budget. Since then, that is the operations model which has been in use. Throughout the years, cooperation has been smooth and both parties have been satisfied. VEO is excited to see what cooperation with Neste will bring along in the future.
*) NExBTL refers to Next Generation Biomass To Liquid