Search Results for 'neste'

Finland’s Neste shareholding falls below controlling 50% as it gives shares to charity

Finland’s Neste shareholding falls below controlling 50% as it gives shares to charity

January 4, 2018 |

In Finland, as part of the legislative motion submitted by Members of Parliament and approved by Parliament, the government plenary session decided today to donate state-owned shares of Neste Corporation to the Itla Children’s Foundation. The Foundation will receive 922,168 shares worth a maximum of EUR 50 million in honour of the centenary of Finland’s […]

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Neste moves forward with Renewable Products program

Neste moves forward with Renewable Products program

December 16, 2017 |

In Finland, Neste’s Board of Directors decided that Neste’s additional production capacity for renewable diesel, renewable aviation fuel and raw materials for various biochemical uses will be located in Singapore. The decision initiates technical design of the new production line, with the aim of a final investment decision by the end of 2018. If the […]

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Neste decides on Singapore to extend renewable diesel production 1 million tons

Neste decides on Singapore to extend renewable diesel production 1 million tons

December 12, 2017 |

In Finland, Neste’s Board of Directors has decided that Neste’s additional production capacity for renewable diesel, renewable aviation fuel and raw materials for various biochemical uses will be located in Singapore. The decision initiates technical design of the new production line, with the aim of a final investment decision by the end of 2018. If […]

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Neste teams with Geneva Airport on renewable jet fuel

Neste teams with Geneva Airport on renewable jet fuel

September 13, 2017 |

In Switzerland, Neste and Geneva Airport are pioneering together to make flying more sustainable by starting to decarbonize aviation towards fossil neutral growth. Geneva Airport is planning the introduction of renewable jet fuel for aircraft operations from Geneva International Airport; the target shall be at least 1 percent of the annual jet fuel consumption at Geneva Airport shall […]

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Neste’s Q2 profits hit by biodiesel blenders credit expiry

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 […]

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Neste investing in waste feedstock research with eye on bioplastics

Neste investing in waste feedstock research with eye on bioplastics

June 6, 2017 |

In Finland, Neste is putting a large amount of resources into research on waste and residue raw materials. In addition to biofuels, also bioplastics can be produced from waste and residues in the future. The company is also focusing its raw materials research on waste plastics as a substitute for crude oil in the manufacture […]

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Renewable diesel a-go-go: The Digest’s 2017 Multi-Slide Guide to Neste

Renewable diesel a-go-go: The Digest’s 2017 Multi-Slide Guide to Neste

May 10, 2017 |

Neste is a refining and marketing company, with a production focus on premium-quality, lower-emission traffic fuels. The company produces a comprehensive range of major petroleum products and is the world’s leading supplier of renewable diesel. The company has net sales of greater than EUR 17.5 billion and employs around 5,000 people. Neste is included in […]

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Neste publishes information on all its crude palm oil suppliers

Neste publishes information on all its crude palm oil suppliers

April 6, 2017 |

In Finland, Neste has published updated information about all its crude palm oil suppliers on the company’s website. The data covers the entire supply chain, i.e. all companies, mills, and estates that supplied Neste with crude palm oil in 2016.The dashboard website offers information on the suppliers, certification systems used, and certification documentation, and provides […]

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Neste pleased with Sweden’s draft laws to boost biofuels use for carbon emissions reductions

Neste pleased with Sweden’s draft laws to boost biofuels use for carbon emissions reductions

March 27, 2017 |

In Sweden, Neste welcomed the Swedish government’s draft law proposals for the emission reduction mandate for traffic fuels and the continued tax exemption for high-blend biofuels. Long-term perspective and ambitious targets provide a much-needed basis for innovation and investments in the biofuels sector, while ensuring the necessary carbon emission reductions in transportation. “Sweden is showing […]

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Neste looks to increase renewable production capacity in US and Singapore

Neste looks to increase renewable production capacity in US and Singapore

February 9, 2017 |

In Finland, Neste’s CEO said during 2016 full-year reporting that the company will continue to implement its global renewables growth strategy. The demand for renewable products is expected to continue growing globally. Neste’s renewables capacity increase program will include both debottlenecking of the existing production capacity to 3 million tons by 2020, and building of […]

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