(Reporting by Jussi Rosendahl Editing by Alexandra Hudson) 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.
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.