Neste opens a new facility in Singapore

Neste has opened an Innovation Centre facility in Singapore to extend its innovation and Research & Development (R&D) capabilities to Asia. Asia has become an important market area for Neste and the new center provides invaluable support to the company’s growth journey in the Asia-Pacific region.

The Innovation Center has laboratory equipment and advanced analytical and raw material research capabilities to focus on research around raw materials and the pretreatment processes.

“Innovation has enabled our transformation from a regional oil refiner towards global leadership in renewable and circular solutions. We are delighted to open the Asia-Pacific (APAC) Innovation Center, which creates a framework for world-class raw material research and supports our growth in Asia-Pacific; driven by our expanding renewable products refinery in Singapore, start-up of which will take place by the end of the first quarter 2023. And equally important, the Innovation Center drives collaboration with our network in the Asia-Pacific region which includes academia, research institutions as well as industry players,” said Lars Peter Lindfors, Executive Vice President, Innovation at Neste.

“We congratulate Neste on the opening of its APAC Innovation Center. This will drive closer collaboration with its regional partners to unlock new possibilities for renewable fuels and chemicals. The project will also contribute to Singapore’s efforts to grow as a hub for sustainable products and innovation in decarbonisation technologies,” said Dr. Beh Swan Gin, Chairman, Singapore Economic Development Board. “We are delighted to support Neste’s continued efforts in developing and delivering sustainability solutions from Singapore for the world and welcome other like-minded players to do the same.”

Founded in 1948, and based in Finland, Neste refines waste, residues and other raw materials into renewable fuels and sustainable feedstock (base oils). Approximately 25% of the company’s personnel work with innovative research, product development and engineering. Presently, Neste has two refineries based in Finland and other manufacturing capabilities in the Netherlands and now in Singapore.