Finnish oil company Neste Oil has unveilled plans to build a new NExBTL renewable diesel plant in Rotterdam. Construction of the, €670 million, plant will begin immediately with the company planning for a completion in 2011.

The plant is to be built in the Maasvlakten area in the western part of the Port of Rotterdam. Its location close to other chemicals plants will, says the compay, offer a number of synergy opportunities with other facilities.

 "Rotterdam is Europe's largest center of petroleum products and chemicals production, and offers a wide range of dedicated services, as well as port facilities - all of which makes Rotterdam an ideal location for a NExBTL plant," according to Neste Oil's President & CEO Risto Rinne.

 The plant will employ around 100 permanent employees when completed.

 This is the second NExBTL plant to be announced by Neste Oil. In Novemeber last year the company announced its intention to build a similar sized planti in Singapore. Neste Oil will work with the same key partners in Rotterdam that it selected for its project in Singapore. Technip Italy will act as the project's main contractor and Air Liquide will supply the hydrogen required by the process.