In California, Neste and NuStar Energy L.P announced that supply trucks are now able to load Neste MY Sustainable Aviation FuelTM at the NuStar-operated Selby Terminal near San Francisco, California. The first gallons have been safely picked up and delivered to the nearby Monterey Regional Airport. Due to the strategic location of the Selby Terminal, Neste […]
In Finland, Neste’s Porvoo refinery major turnaround will begin in stages this week and will last about 12 weeks and operating normally by end of June. The total investments of the Porvoo refinery major turnaround are estimated to be around EUR 330 million or $388 million. It was originally planned for the spring 2020, but […]
In Finland, producer of renewable diesel and sustainable aviation fuel, Neste, joined the eFuel Alliance, an interest group dedicated to the industrial production of synthetic fuels from renewable sources. The eFuel Alliance is based in Berlin and Brussels and brings together companies and organizations that share the goal of establishing and promoting power- and bio-based […]
In Singapore, NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore, has signed a Contract of Affreightment (COA) with Neste Shipping Oy, a wholly owned subsidiary company of Neste Oyj (Neste) headquartered in Finland, for the ocean transportation of renewable diesel. In December 2020, NYK Bulkship (Asia) made the first spot contract […]
In the Netherlands, Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe according to the company strategy. The company has now concluded a thorough study phase concerning the two possible locations, Porvoo, Finland and Rotterdam in the Netherlands. Neste has existing sites in both locations. While there are […]
In the Netherlands, Neste’s acquisition of Bunge Loders Croklaan’s refinery plant in Rotterdam has been approved by regulatory authorities, and the transaction was completed on March 1, 2021. The transition of operations and employees will be implemented in phases with the refinery plant’s full and modified pretreatment capacity available for processing Neste’s feedstock by the […]
In Finland, an e-fuel research project related to Neste’s Veturi program was launched in January 2021. Headed by VTT Technical Research Centre of Finland, the project brings together 15 partners to engage in R&D cooperation with the goal of large-scale production and commercialization of e-fuels. The two-year, over six-million-euro project will develop the production of […]
In Finland, in 2020, Neste’s renewable products helped customers in several geographic markets to reduce greenhouse gas emissions by 10.0 million tons altogether. This amount equals the annual carbon footprint of 1.5 million average EU citizens (source: World Bank) or the removal of 3.7 million passenger cars from the roads for a full year. For […]
In Finland, Neste released their 2020 financial statements showing an operating profit totaling EUR 828 million (about $995 million) with Renewable Products posting a solid full-year comparable operating profit of EUR 1,334 million (about $1.6 million) and renewable diesel demand remained good during the pandemic, but feedstock markets tightened during the year. Year 2020 in […]
In Finland, the Dutch environmental organization Milieudefensie published a report “The Dark Side of Neste’s biofuel production” in November 2020 claiming Neste’s supply chain was unsustainable, which Neste followed up with a report. Since then, Neste continued to investigate the allegations in cooperation with its suppliers. Gathering enough information to make decisions is a time-consuming […]
