Stock Exchange Release
22 September 2016 at 10 am. (EET)
Maintenance turnaround at Neste's diesel production line in Porvoo brought forward
Neste has started maintenance work at diesel production line 4 at Porvoo refinery. This replaces the maintenance turnaround planned for next spring. A recent process disruption lead to catalyst coking in the production line, and the company decided to carry out maintenance turnaround tasks planned for spring 2017 during the next one and a half months. The line has already been stopped, and preparations for the maintenance are underway.
This maintenance turnaround will have no impact on Neste's scheduled diesel deliveries to its customers. The maintenance work is estimated to have an approximately EUR 30 million negative impact on Neste's comparable EBIT, and be mainly booked in the final quarter in 2016. Most of this impact is a result of lost production.
SVP, Communications and Brand Marketing
Further information: Matti Lehmus, Executive Vice President, Oil Products Business Area, tel. + 358 10 458 4072
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable choices for the needs of transport, businesses and consumers. Our global range of products and services allows customers to lower their carbon footprint by combining high-quality renewable products and oil products to tailor-made service solutions. We are the world's largest producer of renewable diesel refined from waste and residues, and we are also bringing renewable solutions to the aviation and plastics industries. We want to be a reliable partner, whose expertise, R&D and sustainable practices are widely respected. In 2015, Neste's net sales stood at EUR 11 billion, and we were on the Global 100 list of the 100 most sustainable companies in the world. Read more: neste.com
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Source: Neste Oyj via Globenewswire