Friday, November 30, 2007

Neste Oil to build a Palm Oil Biodiesl Plant in Singapore

Finnish Neste Oil has decided to build world’s largest biodiesel plant in Singapore. The 430 million gallons a year facility should open in 2010. Estimated project cost is $814 million.

Neste's plan is to construct the largest biodiesel plant in the world and project should be completed by the end of 2010. Palm oil certified by the Roundtable on Sustainable Palm Oil (RSPO) will be used, according to Neste Oil.

The Singapore’s Economic Development Board has aimed throughout this year for a leading position in second-generation biofuels.

Singapore wants to focus on a sustainable activity and is looking beyond first-generation biofuels. Those made from food crops aren't a solution but creating a new set of problems.

Most of the bio-based activities in the region i said to focus on first-generation biofuels, but Singapore wants is be the leading place for second-generation biofuels in Asia.

The government is supporting biodiesel production. Singapore biodiesel production will reach 1 million tons in 2010, and 3 million tons by 2015.

Jurong Island is the petrochemical hub for Singapore and Southeast Asia in general. Two plats are currently in place, a Cremer facility capable of 200,000 tons and a joint venture between Wilmar and Archer-Daniels-Midland that has a capacity of 150,000 tons.

It's a big petrochemical center.

Singapore is considered ideal for palm oil biodiesel because of its proximity to the feedstock plantations in Malaysia, Indonesia and Thailand as well as its world-class fuel terminal facilities.

Source: Neste Oil and Biofuels Digest.

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