Finnish oil group Neste Oil (NES1V.HE) has opened a renewable diesel plant in Singapore that has an annual capacity of 800,000 tonnes, the company said on Monday.

Neste said the new facility was the world's largest renewable diesel plant, which it build at a cost of 550 million euros ($983.2 million).

The company did not say when the new plant would operate at full capacity.

 

Neste is also building a plant with similar capacity in Rotterdam, which is due to be commissioned in the first half of next year, it said.