Neste pauses Rotterdam refinery because of fireplace, lowers renewables steerage
COPENHAGEN, Nov 8 (Reuters) – Neste (NESTE.HE), has quickly shut down its refinery in Rotterdam, the Netherlands because of a fireplace, it mentioned on Friday, and lowered its full-year steerage for renewable merchandise gross sales volumes.
Shares within the Finnish firm have been down 4% at 1537 GMT.
Neste mentioned in an announcement the fireplace on the refinery was extinguished and no individuals have been injured within the incident.
The corporate mentioned,
Primarily based on our preliminary evaluation, the Rotterdam refinery manufacturing will probably be down for a number of weeks impacting the renewable diesel buyer deliveries,
It mentioned it because of the momentary closure now noticed renewable merchandise’ whole gross sales volumes at round 3.7 million tons, in opposition to earlier steerage of three.9 million.
The corporate nonetheless expects the 2024 common comparable gross sales margin for its renewable merchandise to be between $360 and $480 per ton, it added.
Neste’s present 1.4 million ton capability for renewable merchandise in Rotterdam is the biggest in Europe, based on the corporate’s web site.
Neste mentioned the incident had no impact on an ongoing $2 billion growth of the refinery.
($1 = 0.9305 euros)
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Neste pauses Rotterdam refinery because of fireplace, lowers renewables steerage, supply
