Edition:
India

Neste Makes Major Investment In Singapore


Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Neste Oyj ::NESTE STRENGTHENS ITS GLOBAL LEADING POSITION IN RENEWABLE PRODUCTS WITH A MAJOR INVESTMENT IN SINGAPORE.MADE FINAL INVESTMENT DECISION ON ADDITIONAL RENEWABLE PRODUCTS PRODUCTION CAPACITY IN SINGAPORE.INVESTMENT WORTH APPROXIMATELY EUR 1.4 BILLION.INVESTMENT WILL EXTEND NESTE'S RENEWABLE PRODUCT OVERALL CAPACITY IN SINGAPORE BY UP TO 1.3 MILLION TONS PER ANNUM.COMPANY'S TARGET IS TO START UP NEW PRODUCTION LINE DURING FIRST HALF OF 2022.INVESTMENT WILL BRINGING TOTAL RENEWABLE PRODUCT CAPACITY CLOSE TO 4.5 MILLION TONS ANNUALLY IN 2022.