Nestle refinery to run on combined heat and power

A joint venture company to build a new combined heat and power plant to produce electricity and steam for a refinery petrochemical plant has been forged in Finland.

Created by Neste, Veolia and Borealis, the new CHP plant will be located in Porvoo, Finland and will supply Neste's refinery and Borealis' petrochemical plant. The company, Kilpilahti Power Plant Limited will be owned 40% each by Neste and Veolia and 20% by Borealis.
Porvoo petrochemical plant  

KPP will build four new steam and power generation assets with an installed capacity of 450 MWth and 30 MWe running on side streams from the refineries as well as natural gas, with asphaltene being the main fuel.

The total investment is expected to be around EUR400 million of which an estimated EUR350 million will be required for the new power plant. It is expected to be in operation during 2018, subject to financing deals which are expected to take place during the first quarter of 2016.

Veolia Services Suomi Oy, will enter into a 20-year operations and maintenance contract with KPP.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...