Other production plants
In addition to its own refineries, Neste Oil has joint venture production plants in Bahrain and Nynäshamn in Sweden. Neste Oil has a 45% stake in a base oil plant in Bahrain and a 49.99% holding in a refinery at Nynäshamn producing naphthenic oil and bitumen.
The base oil plant in Bahrain was started up on-schedule in October 2011. Owned by Neste Oil, Bahrain Petroleum Company (Bapco), and nogaholding, the plant has a nameplate capacity of 400,000 t/a of premium-quality Group III VHVI (Very High Viscosity Index) base oil used in high-quality lubricants. Neste Oil is responsible for marketing and selling the plant’s output.
Neste Oil sold its wholly owned PAO base oil plant in Beringen, Belgium in 2011, together with its 50% stake in an iso-octane facility in Edmonton, Canada. The sale of the iso-octane plant was confirmed in January 2012. The divestments were part of a program to focus on Neste Oil’s core products and seek growth in renewable diesel and VHVI base oil.