Neste will spend $2 billion to nearly double its capacity to process renewable feedstocks such as waste oils and greases at its refinery in Rotterdam, the Netherlands. When the project is completed in 2026, the plant will have an annual renewable product capacity of 2.7 million metric tons (t); 1.2 million t of that will be sustainable aviation fuel. Separately, Neste has acquired European rights to Alterra Energy’s plastic liquefaction technology. Neste took a minority stake in Alterra in 2020. Neste plans to use the technology, which is already in use in Ohio, at a facility in Vlissingen, the Netherlands.