Singapore to house Neste's biggest renewable products plant

Singapore

FINNISH energy giant Neste will be expanding its existing facility in Tuas, making Singapore the site of the firm's largest renewable products plant. It will account for about half its global production capacity of 4.5 million tonnes annually by 2022.

The company is currently the only one offering renewable diesel on a global basis, according to Neste chief executive officer and president Peter Vanacker. The expansion will increase renewable fuel output from 1 million tonnes per year to 2.3 million, while the plants in the Netherlands and Fin…