March 21, 2016 - 7:37 PM EDT
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Neste Jacobs to perform comprehensive energy study for INA's oil refinery in Croatia

Neste Jacobs
Press Release
22 March, 2016 at 9.30 am (EET)

Neste  Jacobs to  perform comprehensive  energy study  for INA's oil refinery in

Technology, engineering and project management company Neste Jacobs and INA -
Industrija nafte, d.d. (INA) have signed an agreement for Neste Jacobs to
perform a comprehensive energy efficiency study of INA's Rijeka oil refinery in
. The energy efficiency study will be done by utilizing Neste Jacobs'
proprietary NJe(2) concept and is aimed to provide a review of the existing
energy consumption, energy sources and energy producing and consuming assets
within the refinery and in the logistics terminal area. The target is to
identify feasible energy efficiency improvement possibilities in the Rijeka
refinery and in the logistics terminal with reference to INA's ISO 50001:2011
certified energy management system.

Neste Jacobs has longstanding experience in improving energy efficiency in
petroleum refinery environments. On top of energy efficiency studies, Neste
Jacobs has strong hands-on experience in designing energy efficient solutions
and improving energy efficiency through operational excellence. For these
purposes Neste Jacobs has developed its proprietary NJe(2) concept.

"We are extremely excited to perform the energy efficiency study for INA's
Rijeka refinery", says Jarmo Suominen, CEO of Neste Jacobs. "This is an
important milestone for Neste Jacobs in providing our proprietary NJe(2) energy
efficiency solutions internationally for the hydrocarbon industries and in this
particular case for a petroleum refinery."

"Neste Jacobs has the right combination of competence to conduct the energy
efficiency study for INA. We already have previous experience of working with
Neste Jacobs in other areas and I am convinced that Neste Jacobs, with their
comprehensive and in-depth approach, will deliver excellent results for our
constant strive to improve the energy efficiency of the Rijeka refinery, which
demonstrates INA's commitment to investments that are able to secure long-term
and sustainable development of the company", says Bengt Oldsberg, Executive
Director of Refining and Marketing at INA.

For more information, please contact:
Jarmo Suominen, CEO, Neste Jacobs Oy, tel. +358 50 458 3399

Neste Jacobs is a preferred solution provider of high-quality technology,
engineering and project services for a wide range of industries in the fields of
oil and gas, petrochemicals, chemicals, biorefining, biochemicals, biopharma and
industrial infrastructure. We have 60 years of experience in technology
development and industrial investment projects as well as maintenance and
performance improvement in 
North and South America
 and the 
Middle East
. In addition to our home market Nordic countries we are looking to grow in
the global expanding markets. We employ 1300 professionals globally.

INA Group has the lead role in oil business in 
 and plays a major part in
oil and gas exploration, oil refining and distribution of oil and oil
derivatives in the region. INA Group is made of a number of affiliates fully or
partially owned by INA d.d. The Group is seated in 
Zagreb, Croatia
. Apart from
, INA today has upstream projects in 
. Oil refining is
done in INA's refineries in Rijeka and Sisak, while its retail network consists
of 438 petrol stations in 
 and the region.

This announcement is distributed by GlobeNewswire on behalf of 
GlobeNewswire clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
Source: Neste Oyj via GlobeNewswire


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Source: News (March 21, 2016 - 7:37 PM EDT)

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