Neste Oil to build world’s largest biodiesel plant in Singapore; 430 Mgy facility to open in 2010

In Finland, Neste Oil announced a plan to construct the largest biodiesel plant in the world, in Singapore.

The 430 Mgy plant would be completed by the end of 2010. The plant would use palm oil certified by the Roundtable on Sustainable Palm Oil (RSPO). Estimated project cost is $814 million.

The Singapore’s Economic Development Board has aimed throughout this year for a leading position in second-generation biofuels. Julian Ho, executive director for energy, chemical and engineering services at Singapore’s Economic Development Board, told the International Herald Tribune “We feel that if we’re going to focus on a sustainable type of activity we need to look beyond first-generation biofuels: Those made from food crops. Right now, everybody in the region seems to focus more on first-generation biofuels, but what we really want is to be the leading place for second-generation biofuels in Asia.

The government recently touted its support of biodiesel production on Jurong Island. Singapore biodiesel production will reach 1 million tons in 2010, and 3 million tons by 2015.

Jurong Island is the petrochemical hub for Singapore and Southeast Asia in general. Two plants are currently in place, a Cremer facility capable of 200,000 tons and a joint venture between Wilmar and Archer-Daniels-Midland that has a capacity of 150,000 tons. Singapore is considered ideal for palm oil biodiesel because of its proximity to the feedstock plantations in Malaysia, Indonesia and Thailand as well as its world-class fuel terminal facilities.

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