Neste Oil Plc – Construction of EUR 200 million SDA Unit in Porvoo

We are the legal advisor in Neste Oil’s project regarding the acquisition of a solvent de-asphalting (SDA) unit to be constructed at the company’s refinery in Porvoo. The SDA unit is the largest individual investment to be made in connection with the wider restructuring of Neste Oil’s refinery business. Costing EUR 200 million, this will improve Neste Oil’s production structure and ability to optimise its crude oil slate. The construction of the SDA unit is due to be completed in 2017.

The investment is being made in connection with a major development programme to rationalise the company’s operations. Investments totaling approximately EUR 500 million are to be made aimed at growth and optimising production at the company’s refineries in Porvoo and Naantali Finland. The arrangement will enable Neste Oil to integrate operations at Neste Oil’s two Finnish refineries and manage them as one system.