Neste publishes first quarter report

In Finland, Neste published their Interim Report for January through March 2019 which showed their renewable products delivered “outstanding results,” according to their press release. The renewable diesel market continued to be favorable, and their margin optimization yielded good results. Renewable Products posted a comparable operating profit of EUR 337 million (EUR 296 million). Renewable Products’ comparable sales margin was USD 692/ton (USD 525/ton).

Neste’s first quarter had a comparable operating profit totaled EUR 378 million (EUR 401 million) and an operating profit totaled EUR 382 million (EUR 421 million).

During the first quarter their renewable diesel production facilities operated at an average 99% utilization rate, based on the updated nominal capacity of 2.9 Mton/a. Feedstock mix optimization towards lower-quality raw materials continued, and the proportion of waste and residue inputs was 80%.