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Europe Daily Bulletin No. 9110

17 January 2006
Contents Publication in full By article 22 / 40
GENERAL NEWS / (eu) eu/eib
EUR 150 mil loan for refinery in Finland

Luxembourg, 16/01/2006 (Agence Europe) - The European Investment Bank (EIB) has agreed a loan of EUR 150 mil to Neste Oil Corporation for the upgrading of the Porvoo refinery 35 km east of Helsinki. The project includes the construction of a new residue hydrocracker, a hydrogen production plant and a sulphur recovery plant. The upgrading will improve the refinery's long-term competitiveness, by increasing its sulphur-free diesel production by approximately 25% and by allowing increased...

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