Neste is involved in two joint ventures, the oil company Nynas AB and a base oil plant in Bahrain.
Base oil plant in Bahrain
Neste holds 45% of a base oil plant in Bahrain. The other shareholders are Bapco (27.5%) and OGHC (27.5%). Commercial base oil production was launched in 2011.
The Bahrain plant produces top-quality VHVI (Very High Viscosity Index) Group III base oils used in the production of lubricants. The production capacity of the plant totals 400,000 tons per year. Neste's share of the production varies to some extent annually, but we are responsible for the sales and marketing of all base oil produced at the plant.
The plant is located in Sitrah, on the east coast of Bahrain, in the area of a Bapco oil refinery. This location has two key benefits:
- the plant can make use of the existing infrastructure of the Bapco refinery
- raw materials are easily available from the Middle East.
Neste holds 49.99% of the Swedish oil company Nynas AB. The company has production operations in Europe and North and South America. Its main products are bitumen and naphthenics, which are produced for special industrial applications.
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