Tag: Neste

Fuel Delivery Services Switches to Neste MY Renewable Diesel

Fuel Delivery Services Switches to Neste MY Renewable Diesel

June 17, 2018 |

In Texas, Fuel Delivery Services, Inc., a bulk transporter of refined petroleum products based in Stockton, CA, recently switched their Stockton based fleet of trucks to Neste MY Renewable Diesel. FDS provides transportation services seven days a week, 365 days a year to a variety of clients, from small jobbers to major oil companies. FDS […]

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Finland divests 5% for $1 billion of Neste to take advantage of bull run

Finland divests 5% for $1 billion of Neste to take advantage of bull run

June 13, 2018 |

In Finland, Reuters reports that the government’s stake in Neste fell to 44.7 percent after selling 5 percent of the company for around $1 billion, prompting criticism from the opposition for dropping below the majority shareholding level. The government said it wanted to take profits following a recent rally before losing out on the opportunity […]

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IKEA and Neste launch commercial scale bioplastic production

IKEA and Neste launch commercial scale bioplastic production

June 10, 2018 |

In the Netherlands, IKEA and Finland-based Neste are working together to tackle the production of plastic products by working on a commercial scale pilot production of renewable, bio-based polypropylene plastic. The pilot at commercial scale of PP and PE plastic, chosen to contain 20 percent renewable content, will start during fall 2018. The production of […]

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Neste to acquire the share majority of the Dutch animal fat trader IH Demeter B.V.

Neste to acquire the share majority of the Dutch animal fat trader IH Demeter B.V.

May 27, 2018 |

In Finland, Neste, a producer of renewable fuels from waste and residues, and IH Demeter B.V., a trader of animal fats and proteins, have agreed that Neste acquires sole control and 51 % of the shares of IH Demeter B.V., making Neste the controlling shareholder. The current owners shall remain as co-owners. The transaction is […]

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Neste MY Renewable Diesel rockin’ it this month

Neste MY Renewable Diesel rockin’ it this month

May 12, 2018 |

Neste reaches 1B gallons renewable diesel sale, runs in fire trucks, ambulances and school vehicles In Texas, Neste U.S., Inc. is celebrating its 1 billionth gallon of Neste MY Renewable Diesel sold in North America which has effectively helped reduce more than seven million metric tons of greenhouse gas emissions in the Earth’s atmosphere. This […]

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Neste posts highest ever quarterly result

Neste posts highest ever quarterly result

April 29, 2018 |

In Finland, oil refiner and biofuel producer, Neste, posted its highest ever quarterly result, helped by a U.S. tax break and profitable biofuel production, according to Reuters. Shares jumped more than 12% after the first-quarter report showed operating profit of 401 million Euros ($488 million), almost double from one year ago. Analysts forecasted 370 million […]

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San Francisco Bay Area sightseeing cruise company switches to 100% Neste renewable diesel

San Francisco Bay Area sightseeing cruise company switches to 100% Neste renewable diesel

April 23, 2018 |

In California, sightseeing cruise company Red and White Fleet operating in the San Francisco Bay Area, California switched its entire fleet of vessels from operating on conventional diesel to using 100% Neste MY Renewable Diesel™. The City of San Francisco and a number of public transit agencies supported Red and White Fleet’s research and transition […]

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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 looks to “Finnish” first in biofuels

Finland looks to “Finnish” first in biofuels

January 7, 2018 |

As temperatures across much of the Eastern United States have been unbearably and dangerously low thanks to a bomb cyclone and scary sounding meteorological talk, we look to Finland – where temperatures are surprisingly warmer than much of the Eastern U.S. and biofuels are being adopted by cities left and right. So grab a blanket […]

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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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