Tag Archive

World’s 3rd most sustainable company on the Global 100 list

World’s 3rd most sustainable company on the Global 100 list

January 22, 2019 No Comments

Neste has placed 3rd on the Corporate Knights 2019 Global 100 Most Sustainable Corporations list. This is Neste’s second time in the top 3. It also marks the company’s 13th consecutive inclusion on the Global 100 list. Neste has been included on the list continuously for longer than any other energy company in the world. […]

Diesel R33 enables CO2 savings of at least 20 percent

Diesel R33 enables CO2 savings of at least 20 percent

December 20, 2018 No Comments

An extensive trial involving an innovative fuel that enables CO2 savings of at least 20 percent, compared to conventional fossil diesel, has been successfully completed. Over a period of nine months, employees at Volkswagen in Wolfsburg filled company vehicles exclusively with Diesel R33. Following the successful test phase, Diesel R33 is now being used at […]

Neste strengthens global position in renewable products

Neste strengthens global position in renewable products

December 12, 2018 No Comments

Neste Corporation has made the final investment decision on additional renewable products production capacity in Singapore. The decision is based on a growing global market demand for low-carbon solutions in transport and cities, aviation, polymers and chemicals. The investment worth approximately EUR 1.4 billion will extend Neste’s renewable product overall capacity in Singapore by up […]

Neste Release Interim Report for January-September 2018

Neste Release Interim Report for January-September 2018

October 26, 2018 No Comments

The Group’s operating profit was EUR 842 million (875 million), which was impacted by inventory losses of EUR 38 million (gains of 33 million), and changes in the fair value of open commodity and currency derivatives totaling EUR -99 million (37 million), mainly related to margin hedging. In addition there was an asset writedown of […]

Neste ranked the 2nd most sustainable company in the world

Neste ranked the 2nd most sustainable company in the world

January 23, 2018 No Comments

Neste reached its highest-ever ranking by placing 2nd on the Global 100 list of the world’s most sustainable companies. This is the 12th time that Neste is included on the list. The company has been included on the list for longer continuously than any other energy company in the world. Similarly to last year, Neste […]

Neste’s renewable diesel celebrates 10 years of reducing emissions

Neste’s renewable diesel celebrates 10 years of reducing emissions

June 19, 2017 No Comments

An entirely new type of fuel saw the light of the day 10 years ago, when the production of renewable diesel began at the Neste Porvoo refinery in Finland. In just ten years, the innovation has made Neste the world’s leading circular economy company in biofuels and reduced GHG emissions from traffic by more than […]

Across the USA on just one tank

June 29, 2015 No Comments

Neste, the world largest producer of renewable diesel, CLP Motorsports and multiple time X-Games and Rally Cross champion Tanner Foust made history on June 26th, when CLP Motorsports’ Superlite Coupe crossed the finish line in Santa Monica, California after driving across the USA on one tank of NEXBTL renewable diesel. This was no ordinary trip […]

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Neste and HCS Group to form an extensive partnership for renewable distillates

June 17, 2015 No Comments

Neste, the world’s leading producer of premium-quality renewable fuels and the HCS Group (Haltermann Carless Solutions), a leading global manufacturer of high-quality hydrocarbon and chemical specialty products, are establishing a preferred partnership for renewable distillate products. Using its patented NEXBTL technology, Neste will supply Haltermann Carless with renewable components, which will be further processed into […]

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Neste Oil’s Interim Report for January-March 2015

April 24, 2015 No Comments

Excellent start for the year as a result of strong refining market and good internal performance First quarter in brief: •Comparable operating profit totaled EUR 215 million (Q1/2014: EUR 50 million) •Total refining margin was USD 11.66/bbl (Q1/2014: USD 8.44/bbl) • Renewable Products’ comparable sales margin was USD 205/ton (Q1/2014: USD 182/ton) • Net cash […]

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World’s largest producer of renewable fuels from waste and residues

March 4, 2015 No Comments

Over the last few years, Neste Oil has become the world’s largest producer of renewable fuels from waste and residues. In 2014, the company produced nearly 1.3 million tonnes (1.6 billion liters) of renewable fuel from waste and residues. In practical terms, this is enough to power for two years all the 650 000 diesel-powered […]

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