Singapore 's Neste is set to expand its 2020 renewable production capacity to 2.7 million tonnes by annual , after announcing plans to invest € 1.6bn ($ 1.6bn ) in a Singapore biofuel facility. The company, with a current capacity of 2.7 million tonnes , said the move was in response to "growing global market demand" for low-carbon solutions in several sectors, including transport and chemicals.
Finland's Neste is set to expand its annual renewable production capacity to 4.5 million tonnes by 2020, after announcing plans to invest €1.4bn ($1.6bn) in a Singapore biofuel facility. The company, with a current capacity of 2.7 million tonnes, said the move was in response to "growing global market demand" for low-carbon solutions in several sectors, including transport and chemicals.