Neste’s Q2 profits hit by biodiesel blenders credit expiry

August 3, 2017 |

In Finland, the expiry of the biodiesel blenders credit in the US negatively impacted Neste’s Q2 profits, which fell 16% on the year to $279 million, also weighed upon by maintenance stoppages at its fossil fuel refineries. Biodiesel sales grew 39% on the year to 674,000 metric tons. The company is contemplating an investment in further biomass diesel production in either the US or Singapore, depending on feedstock logistics as well as incentives and other factors.

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Category: Producer News

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