Singapore News

News from Singapore

Finland company to invest $810 million into Singapore plant

Posted by jtsmyth8 on November 30, 2007

Neste Oil Corp. announced plans Friday to build a renewable biodiesel plant in Singapore that is expected to be online in 2010, in a project valued at US$810 million.The new plant, with an annual capacity of 800,000 tons, will use palm oil as its main raw material, the Finnish company said.

“The investment forms part of Neste Oils strategic goal of becoming the world’s leading renewable diesel producer,” Neste said. “The use of biofuels such as NExBTL (biodiesel) is predicted to increase rapidly in developed economies over the next few years.” (story)

Advertisements

One Response to “Finland company to invest $810 million into Singapore plant”

  1. […] Finland company to invest $810 million into Singapore plant source […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: