Neste changes its guidance due to unplanned shutdown of Rotterdam refinery
Neste’s Rotterdam refinery has been shut down due to a fire on 8 November 2024. The fire has been extinguished and did not cause any injuries. Neste is currently investigating the incident and the repair work will start as soon as possible.
Based on the company’s initial assessment, the Rotterdam refinery production will be down for several weeks impacting the renewable diesel customer deliveries. As a result, Neste changes its Renewable Products total sales volume guidance for 2024:
The revised 2024 guidance for renewable products is: “Renewable Products’ total sales volume is expected to increase from 2023 and to reach approximately 3.7 MMt (+/- 5%) in 2024, out of which sustainable aviation fuel (SAF) sales volume is expected to be 0.35 MMt–0.55 MMt. Renewable Products’ full-year 2024 average comparable sales margin is expected to be in the range of $360/t–$480/t”.
The previous 2024 guidance for Renewable Products was: “Renewable Products’ total sales volume is expected to increase from 2023 and to reach approximately 3.9 MMt (+/- 5%) in 2024, out of which SAF sales volume is expected to be 0.35 MMt–0.55 MMt. Renewable Products’ full-year 2024 average comparable sales margin is expected to be in the range of $360/t–$480/t”.
“We are mitigating any impacts on our renewable diesel customers. The incident has no effect on the ongoing Rotterdam refinery expansion project,” said Hanna Maula, Vice President, Communications and Brand, Neste Corporation.
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