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Neste stops briefly Rotterdam refinery due to fire, reduces renewables guidance

Neste has briefly closed down its refinery in Rotterdam, the Netherlands due to a fire, it said on Friday, and lowered its fullyear guidance for eco-friendly products sales volumes.

Shares in the Finnish business were down 4% at 1537 GMT.

Neste stated in a declaration the fire at the refinery was snuffed out and no persons were injured in the occurrence.

Based upon our initial evaluation, the Rotterdam refinery production will be down for numerous weeks affecting the sustainable diesel customer deliveries, the company stated.

It stated it due to the temporary closure now saw sustainable products' overall sales volumes at around 3.7 million lots, versus previous guidance of 3.9 million.

The business still anticipates the 2024 average equivalent sales margin for its sustainable items to be in between $360 and $480. per heap, it included.

Neste's present 1.4 million ton capability for renewable. products in Rotterdam is the largest in Europe, according to the. business's site.

Neste stated the incident had no impact on a continuous $2. billion

expansion

of the refinery.

(source: Reuters)