Finland – thyssenkrupp nucera and Neste plan to collaborate on a project to incorporate a 120 megawatt (MW) water electrolyzer into Neste’s Porvoo refinery in Finland.
Neste has now signed an agreement with thyssenkrupp nucera to reserve production capacities for an alkaline water electrolysis plant. The agreement covers the supply of six standardized 20 MW scalum modules with a total installed capacity of 120 MW, including corresponding advisory services.
The green hydrogen produced by the electrolyzer would primarily be used in the refinery’s processes to replace hydrogen produced from fossil raw materials. Neste is also looking into using the thermal energy generated during the production of green hydrogen with the thyssenkrupp nucera electrolyzer at the refinery for district heating.
Sustainable refinery
The project is one of the largest development projects for green hydrogen production in European refineries and supports Neste’s goal of transforming its Porvoo refinery into the most sustainable refinery in Europe by 2030. The investment decision readiness is expected to be reached during 2024.
Neste is the first Finnish company to receive IPCEI (Important Project of Common European Interest) status from the European Commission for the company’s hydrogen projects. The project will advance the European value chain for the production and use of green hydrogen.
