Tag: Neste

Nest egg + Renewables help protect Neste in 2020 – Even with COVID-19 uncertainty, Neste hits renewables production record

Nest egg + Renewables help protect Neste in 2020 – Even with COVID-19 uncertainty, Neste hits renewables production record

May 24, 2020 |

Especially during difficult times, it’s important to have a nest egg and companies that had cash and smart plans in place are definitely having an easier time with the latest challenges. Last week in Finland, Neste reported their Q1 financials and Neste President and CEO Peter Vanacker answered questions about the company’s first quarter 2020 […]

Read More

Neste updates palm oil and PFAD traceability dashboard

Neste updates palm oil and PFAD traceability dashboard

May 21, 2020 |

In Finland, Neste has updated its traceability dashboard which provides detailed data on the company’s palm oil and palm fatty acid distillate (PFAD, a processing residue of refining food-quality palm oil) supply chains. The site provides a map service from which users can find the locations of Neste’s suppliers and review data on suppliers’ certification […]

Read More

Neste acquires Count Terminal Rotterdam

Neste acquires Count Terminal Rotterdam

May 7, 2020 |

In the Netherlands, Neste acquired 100% of the Dutch Count Companies BV’s Count Terminal Rotterdam BV and its supporting entities, part of the First Dutch Group of Peter Goedvolk. The transaction was signed and closed on 7 May 2020. Count Terminal Rotterdam stores, refines and blends renewable waste and residue-based raw materials in the Rotterdam […]

Read More

Neste’s acquisition of Mahoney Environmental approved and closed

Neste’s acquisition of Mahoney Environmental approved and closed

May 4, 2020 |

In Finland, Neste’s acquisition of Mahoney Environmental (Mahoney), a leading collector and recycler of used cooking oil in the United States, has been approved by regulatory authorities, and the deal has been closed. Neste’s feedstock strategy is focusing on waste and residues growth and the development of new feedstock sources. The company is targeting 100% […]

Read More

Neste’s Q1 shows good results amid market uncertainty, still on track for Singapore project

Neste’s Q1 shows good results amid market uncertainty, still on track for Singapore project

April 26, 2020 |

In Finland, Neste had a solid start to the year according to their Q1 2020 financials which showed a comparable operating profit of EUR 408 million in the first quarter, compared to EUR 378 million in the corresponding period last year. Renewable Products’ sales volumes were high, and renewables facilities reached a new quarterly production […]

Read More

Industry teams with policymakers and NGOs calling for a Green Recovery post-COVID-19

Industry teams with policymakers and NGOs calling for a Green Recovery post-COVID-19

April 14, 2020 |

In Finland, Neste has joined an alliance of cross-party political decision-makers, businesses, NGOs and other stakeholders in a call for a Green Recovery after the coronavirus (Covid-19) crisis in Europe. The alliance places the fight against climate change at the core of the economic strategy in contributing to the quick recovery of the economies and […]

Read More

Neste sees renewable diesel exports soaring to 20M tons over next decade

Neste sees renewable diesel exports soaring to 20M tons over next decade

March 31, 2020 |

In Singapore, Platts reports that Neste believes global demand for renewable diesel will soar to more than 20 million metric tons over the next decade from just 5 million tons last year thanks to demand for sustainable aviation fuel as well as for road transportation in addition to chemical and polymer demand. By mid-2022, the […]

Read More

Neste ranked as most sustainable brand by Finnish consumers

Neste ranked as most sustainable brand by Finnish consumers

March 30, 2020 |

In Finland, Neste has been ranked as the most sustainable brand within the fuel industry according to Finnish consumers. The Sustainable Brand Index™ study interviewed a total of 9,480 Finnish consumers, aged 16 to 75, on several brands. The ranking shows how sustainable a brand is perceived to be by consumers, and why. The respondents evaluated […]

Read More

Neste to acquire US-based UCO collector and recycler to secure feedstock supplies

Neste to acquire US-based UCO collector and recycler to secure feedstock supplies

March 11, 2020 |

In Finland, Neste has agreed to acquire 100% of Mahoney Environmental (Mahoney), a collector and recycler of used cooking oil in the United States, and its affiliated entities. The transaction is subject to the fulfillment of customary closing conditions and regulatory approval. The transaction supports Neste in its effort to build a global waste and […]

Read More

Borealis starts polypropylene production from Neste-produced renewable feedstock

Borealis starts polypropylene production from Neste-produced renewable feedstock

March 10, 2020 |

In Belgium, Borealis has started to produce polypropylene (PP) based on Neste-produced renewable feedstock in its production facilities in Kallo and Beringen, Belgium. This marks the first time that Borealis has replaced fossil fuel-based feedstock in its large-scale commercial production of PP. The Belgian plants were recently awarded by the International Sustainability and Carbon Certification […]

Read More