Search Results for 'neste'

New Valtra tractors to be delivered filled with Neste MY Renewable Diesel

New Valtra tractors to be delivered filled with Neste MY Renewable Diesel

March 13, 2018 |

In Finland, Valtra has become the first tractor factory in the world to begin using Neste MY Renewable Diesel as the start-up fuel for all new tractors. As a result, around 700,000 litres of fossil diesel fuel will be replaced each year by 100-percent renewable fuel. When the tractors roll off the assembly line, the […]

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4 Minutes with…Steven Gust, Senior Associate R&D, Neste

4 Minutes with…Steven Gust, Senior Associate R&D, Neste

February 13, 2018 |

Tell us about your company and it’s role in the Advanced Bioeconomy. Neste is a major producer of renewable diesel. Tell us about your role and what you are focused on in the next 12 months. technology evaluations – quantification of indirect impacts of biofuels What do you feel are the most important milestones the […]

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Neste appoints Peter Vanacker as new CEO

Neste appoints Peter Vanacker as new CEO

February 11, 2018 |

In Finland, biofuel producer and oil refiner Neste Corporation appointed Peter Vanacker as their new CEO to replace Matti Lievonen, who is retiring. Vanacker is currently the CEO and Managing Director of Germany-based specialty chemicals firm CABB Group and formerly worked at Bayer where he was responsible for the global polyurethanes business and many significant […]

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Use of Neste’s renewable fuels reduced GHG emission 8.3 million tons in 2017

Use of Neste’s renewable fuels reduced GHG emission 8.3 million tons in 2017

February 8, 2018 |

In Finland, replacing fossil fuels with Neste’s renewable fuels reduced global climate emissions altogether by a staggering 8.3 million metric tons or 8.3 billion kilograms in 2017. The figure equals removal of 3 million passenger cars from the roads for a full year – more than the amount of cars in the city of London, […]

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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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