Year 2014
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  • Glossary

Environmental and emission permits

The operations of Neste Oil's refineries in the European Union (Porvoo, Naantali, and Rotterdam) are regulated by statutory environmental permits issued by the local authorities in accordance with EU legislation. These place limits on the amount of emissions that can be released, for example, and set out requirements for reducing emissions, monitoring, and reporting. Neste Oil's refinery in Singapore is regulated by local environmental legislation. All Neste Oil refineries have valid environmental permits.

Environmental permit policy will incorporate the Best Available Technology (BAT) principle, under which the conditions of permits and the limits set out in them must be based on levels that can be achieved using the best available technology. Use of the BAT principle became compulsory in the EU during 2014, with a transition period of four years to make the changes required by the new regulations. Neste Oil has begun to assess its current operations in terms of the new BAT requirements.

Environmental permit-related incidents in 2014

Location

Event

Impact

Rotterdam

Waste water quality over 24 h emission limit value

Minor*

Rotterdam

Waste water quality over 24 h emission limit value

Minor*

Naantali

Waste water quality over emission limit

Minor*

Rotterdam

Waste water quality over 24 h emission limit value

Minor*

Porvoo

Vapor recovery unit out of use

Minor*

Kokkola

Vapor recovery unit out of use

Minor*

Rotterdam

Waste water quality over 24 h emission limit value

Minor*

Hamina

Obligatory reporting not done

No environmental impacts

*Minor = Emission did not result in damage to the environment.

In addition, during 2014 there were some disruptions at the sulphur units which resulted in increased sulphur emissions. In order to improve the reliability of sulphur units some actions will be taken in 2015.

Emissions trading

Carbon dioxide emissions released by Neste Oil's Porvoo and Naantali refineries come within the scope of the EU's Emissions Trading System. The renewable diesel refineries in Rotterdam and Singapore, in contrast, are not covered by the emissions trading scheme. Plants coming within the scope of the scheme require an emissions permit, and an independent third party annually verifies the monitoring carried out at Neste Oil's sites and the company's reporting. The Energy Authority granted new emissions permits to the Porvoo and Naantali refineries for 2013–2020.

Neste Oil procures the majority of the additional emission allowances it needs through the EU's Emissions Trading System. Some of its allowances have been covered through a commitment to invest a maximum of EUR 5 million in GreenStream's Climate Opportunity Fund; this investment will give Neste Oil access to at least 264,000 emission allowances for the 2013–2020 trading period. Companies operating in sectors susceptible to the risk of carbon leakage and meeting the reference level set by the EU also have the opportunity to receive free emission allowances. Not all installations have the possibility to receive free allowances. The number of free allowances is annually reduced during the 2013–2020 trading period following a decision by the European Commission.