TechnipFMC partners with Neste for future NEXBTL technology based projects

Published: 11 March 2020 - 7 a.m.
By: Martin Menachery
TechnipFMC and Neste – owner of the world’s leading NEXBTL technology – announced that they have established a partnership whereby TechnipFMC will become Neste’s provider of Front End Loading (FEL) services for future Neste NEXBTL projects. The agreement also covers TechnipFMC’s participation during the execution phase of future NEXBTL projects.

The NEXBTL technology allows the conversion of second generation feedstock like vegetable oil, or waste fat into renewable diesel and other renewable products. The NEXBTL technology is becoming increasingly important as it provides an efficient and sustainable solution in the fuels sector, while addressing environmental concerns. The technology allows production of renewable diesel that helps its users reduce greenhouse gas emissions by up to 90% over the lifecycle of the fuel compared to conventional fossil diesel.

The TechnipFMC-Neste partnership is a result of our long-term collaboration, illustrated by the successful delivery of two world-scale renewable fuels units in Rotterdam and Singapore and the ongoing expansion project of Neste’s renewable products facility in Singapore. This partnership aims to achieve industry-leading capital productivity, through the highest standards of HSE, improved operability, accelerated innovation and reduced project cycle time.

Catherine MacGregor, President Onshore/Offshore at TechnipFMC and CEO-Elect of Technip Energies, commented: “We are extremely proud to be Neste’s partner of choice for its future NEXBTL facility projects. This agreement confirms our leading position as a player geared towards technological advancement and solutions to support renewable fuels growth. It also reinforces our long-term relationship with Neste and our positioning in the energy transition journey.”

Peter Vanacker, president and CEO of Neste, noted: “Neste has transformed from a regional oil refining company into a global leader in renewable solutions. The transportation of people and goods is undergoing a rapid change. To combat climate change the world needs new and more solutions for decreasing emissions.

We are confident that in working closely together, the design and execution expertise of TechnipFMC will significantly further enhance the robustness of our NEXBTL technology as we grow our business where our strength lies.”

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