Neste moves forward at Porvoo refinery with new renewable hydrogen project.

Neste said that it is working on a 120-megawatt electrolyzer project to produce renewable hydrogen at its Porvoo refinery in Finland, and has now decided to proceed to the basic engineering phase. This project is one of the largest development projects to produce green hydrogen in the European refineries and it supports the firm's goal to transform the Porvoo refinery to the most sustainable refinery in Europe by 2030. The green hydrogen would be primarily used in the company's Porvoo refinery's processes, where it would replace hydrogen produced from fossil feedstocks. An investment decision is expected to be reached in early 2024, with green hydrogen production possibly beginning in 2026. Since the production of green hydrogen also generates renewable heat, Neste has begun a preliminary study with Porvoon Energia on the utilization of renewable heat in district heating. Original Source: PetroChemical News, http://www.petrochemical-news.com.