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

ESPOO, Finland, March 22, 2016 (GLOBE NEWSWIRE) -- 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 Croatia. The energy efficiency study will be done by utilizing Neste Jacobs' proprietary NJe2 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 NJe2 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 NJe2 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 Europe, North and South America, Asia 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. www.nestejacobs.com

INA Group has the lead role in oil business in Croatia 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 Croatia, INA today has upstream projects in Angola and Egypt. Oil refining is done in INA's refineries in Rijeka and Sisak, while its retail network consists of 438 petrol stations in Croatia and the region.

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Source:Neste Corporation