(IN BRIEF) Neste, a leader in renewable fuels and circular economy solutions, unveiled its first-quarter 2024 results, demonstrating resilience amidst a weak renewables market. Despite challenges, the company reported a comparable EBITDA of EUR 551 million, reflecting a proactive approach … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News
Tagged Financial, investment, Matti Lehmus, Neste, Renewables Market
(IN BRIEF) Neste, a leading provider of renewable fuels and sustainable solutions, has honored several contractors globally with the Contractor Safety Award as part of its annual Safety Week, commencing on April 22. The award acknowledges contractors’ outstanding safety commitment … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Finland, Industrial, Management, News, Security & Safety
Tagged Award, Contractor Safety Award, Global Contractors, Hannele Jakosuo-Jansson, Neste, safety, Safety Week
(IN BRIEF) Neste, a global leader in renewable fuels and sustainable feedstock, is showcasing its Neste RE™ feedstock at Chinaplas 2024 in Shanghai. Neste RE™, derived from bio-based and chemically recycled materials, offers a significant reduction in the carbon footprint … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Finland, Government, Industrial, Investment, Management, Media, News
Tagged Carrie Song, Neste, Neste RE™, Plastics Manufacturing, Renewable and Recycled Feedstock, sustainability
(IN BRIEF) Neste has achieved a significant milestone in chemical recycling by processing pyrolysis oil derived from discarded vehicle tires, supplied by Scandinavian Enviro Systems, into high-quality raw material for new plastics and chemicals at its refinery in Porvoo, Finland. … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Science, Sweden, Technology
Tagged Andreas Teir, chemicals, Discarded Tires, Enviro Systems, High-Quality Raw Material, Neste, partnership, plastics, pyrolysis oil, recycling, Susanna Sieppi, sustainability, Sweden
(IN BRIEF) Neste, a global leader in renewable diesel production, teams up with New Jersey Natural Gas (NJNG) to tackle greenhouse gas emissions by adopting Neste MY Renewable Diesel™ for NJNG’s medium-duty trucks and equipment fleet. This initiative marks NJNG … Read the full press release
(IN BRIEF) Neste has finalized its organizational restructuring, merging its three renewable business units into one and restructuring functions to align with business-driven operations. The move aims to enhance cost-efficiency, competitiveness, and execution of growth strategy. Approximately 400 job roles … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management
Tagged Neste, organizational change, renewable energy, restructuring, Susanna Sieppi
(IN BRIEF) Neste, a global leader in sustainable solutions, introduces “Neste Impact,” a groundbreaking emission reduction solution empowering businesses to curtail their air travel-related carbon footprint. By purchasing Neste MY Sustainable Aviation Fuel™, companies can achieve up to an impressive … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Investment, Management, News, Travel
Tagged 'Neste Impact', Aviation, emissions, Kristina Öström, Neste, SAF, Susanna Sieppi, sustainability
(IN BRIEF) Hanna Maula, an experienced professional in communications and brand management, has been appointed as Vice President of Communications and Brand at Neste, effective no later than June 1, 2024. She will report directly to Hannele Jakosuo-Jansson, Executive Vice … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management, Marketing, Media
Tagged appointment, Communications, Hanna Maula, Hannele Jakosuo-Jansson, Neste, UPM
(IN BRIEF) Neste takes a significant step towards accelerating the electrification of heavy-duty vehicles (HDVs) in Finland by introducing its first high-power charging stations for business customers. Located at the Neste Janakkala Linnatuuli service station along highway 3, these charging … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged DB Schenker, electrification, Finland, Harald Knaapinen, heavy duty vehicles, high-power charging stations, Janakkala Linnatuuli, Janne Silvonen, Neste, partnership, Risto Karppinen, sustainability, Volvo Trucks
(IN BRIEF) Neste maintains its position as the second most valuable Finnish brand for the third consecutive year, according to the latest Brand Finance Finland 25 2024 ranking. The world’s leading independent brand valuation consultancy, Brand Finance, reports a 13% … Read the full press release
Posted in Awards, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News
Tagged 2nd Most Valuable Brand, Awards, Brand Finance Ranking 2024, Finland, Neste, sustainability
(IN BRIEF) Neste and French regional airline Amelia have entered into a partnership to use blended Neste MY Sustainable Aviation Fuel™ (SAF). Starting from January 1, 2024, Amelia has been using this sustainable aviation fuel for all flights departing from … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Finland, France, Industrial, Netherlands, Transportation & Logistics
Tagged Adrien Chabot, Alain Regourd, Alexander Kueper, Amelia, Amsterdam Airport Schiphol, Neste, Neste MY Sustainable Aviation Fuel™, reduce greenhouse gas emissions, ReFuelEU Aviation regulation, renewable aviation fuel, SAF, sustainable aviation fuel
(IN BRIEF) Neste has achieved Leadership status and an A− rating for its climate actions in the annual assessment conducted by the global non-profit organization CDP. This recognition is for Neste’s environmental transparency and climate performance. The company has consistently … Read the full press release
(IN BRIEF) Neste has joined forces with PVG, a leading European home climate solutions provider, to introduce a sustainable heating liquid for portable fuel heaters. The co-processed odorless heating kerosene from Neste offers consumers a cleaner alternative to fossil-based heating … Read the full press release
(IN BRIEF) Eppendorf, a laboratory equipment manufacturer, has partnered with Neste, a renewable solutions company, to create Eppendorf Consumables BioBased, a line of lab consumables made from 100% renewable raw materials. These products, including tubes and pipette tips, offer a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Science, Technology
Tagged Brigitte Klose, consumables, Eppendorf, Eppendorf Consumables BioBased, lab plastics, lab products, laboratory equipment, Life Science, Maria Carcolé, Neste, Neste RE™, renewable plastic lab consumables, renewable raw materials, sustainable
(IN BRIEF) Neste, a global renewable fuels and sustainable solutions leader, has signed an important solar power purchase agreement with CPC Finland Oy. This deal will provide solar power to Neste’s Porvoo refinery in Finland, starting in spring 2024. The … Read the full press release
(IN BRIEF) Neste is teaming up with French fuel distributors Altens and Bolloré Energy to introduce Neste MY Renewable Diesel™ to the French market starting in January 2024. This collaboration aims to significantly reduce greenhouse gas emissions in the transportation … Read the full press release
Posted in Energy, Gas & Oil, Environment, France, Industrial, Transportation & Logistics
Tagged Altens, biofuels, Bolloré Energy, climate change, France, hydrogen, Mohamed Bennama, Neste, Neste MY Renewable Diesel™, Peter Zonneveld, reduction of greenhouse gas emission, renewable diesel, Thibaut de Rivoire
(IN BRIEF) Emirates has conducted a pioneering Airbus A380 demonstration flight with one engine powered by Neste’s sustainable aviation fuel (SAF). This milestone demonstrates SAF’s compatibility and potential as a sustainable alternative to traditional jet fuel. The flight, which took … Read the full press release
Posted in Aviation & Aerospace, Energy, Gas & Oil, Environment, Finland, Industrial, Transportation & Logistics
Tagged Adel al Redha, Airbus, Airbus A380, demonstration flight, Dubai International Airport, Emirates, Engine Alliance, ENOC, international airlines, Jonathan Wood, Neste, Pratt & Whitney, renewable aviation fuel, renewable jet fuel, SAF, sustainable aviation fuel, Virent
(IN BRIEF) Neste has teamed up with Hightowers Petroleum to offer Neste MY Renewable Diesel™ in the Midwest region. This strategic partnership aims to meet the growing demand for lower-emission fuels, particularly from the automotive industry. Neste MY Renewable Diesel, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News
Tagged Carrie Song, Hightowers Petroleum, Midwest, Neste, partnership, renewable diesel, Stephen Hightower, sustainability, USA
(IN BRIEF) Neste, Mitsui Chemicals, and Prime Polymer have joined forces to develop sustainable food packaging solutions for CO-OP, a brand under the Japanese Consumers Co-operative Union (JCCU). In the initial phase of this partnership, bio-based raw materials will replace … Read the full press release
Posted in Business, Chemicals, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Food & Beverage, Government, Industrial, Investment, Management, News, Technology
Tagged Co-op, Food Packaging, Japan, Japanese Consumers Co-operative Union (JCCU), Lilyana Budyanto, Mitsui Chemicals, Neste, partnership, Prime Polymer, sustainability
(IN BRIEF) Neste, a renewable energy company, is undergoing organizational changes to enhance cost-efficiency and long-term competitiveness. It plans to merge renewable business units, resulting in 400 job cuts and EUR 50 million in annual savings, aiming for over MEUR … Read the full press release
(IN BRIEF) Neste, a leader in renewable and sustainable solutions, will release its financial results for the third quarter of 2023 on October 26, 2023, at 9 a.m. (EET) on its website. Additionally, Neste will host an investor conference call … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Finland, Industrial, Management
Tagged analysts, conference call, financial results, investors, Neste
(IN BRIEF) Neste, ISCC, and DHL Group have partnered to develop and pilot the ISCC Credit Transfer System, a registry-based system that enables transparent and credible reporting of emission reductions achieved through the use of sustainable aviation fuel (SAF). The … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Germany, Industrial, Management, News, Technology, Transportation & Logistics
Tagged DHL, Dr. Klaus Hufschlag, Emission Reduction, ISCC, Jonathan Wood, Neste, partnership, Prof. Dr. Gernot Klepper, sustainability, sustainable aviation fuel
(IN BRIEF) Neste, a Finnish company, has decided to pay a second extraordinary dividend of EUR 0.25 per share, in addition to the regular dividend approved at its Annual General Meeting in March. The second extraordinary dividend will be paid … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management
Tagged AGM, Annual General Meeting, dividend, extraordinary dividend, Neste, shareholder
(IN BRIEF) The USDA has publicly acknowledged an error in its Biofuels Annual Report, specifically regarding allegations of fraudulent used cooking oil (UCO) volumes received by Neste at its Singapore refinery from China. Representatives from the USDA confirmed that the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Government, Industrial, Law, Management, News
Tagged biofuels, Neste, sustainability, USDA
(IN BRIEF) Neste, a leading energy company, has reported an improved outlook for its Oil Products segment’s margin in the third quarter of 2023. Despite the ongoing volatility in oil markets, margins for diesel and gasoline in Northwest Europe have … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News
Tagged expansion, Financial, Neste, oil products, refinery, Singapore, Susanna Sieppi
(IN BRIEF) The USDA Biofuels Annual Report for September 2023 suggests that Neste, a renewable products refinery in Singapore, may have received fraudulent volumes of used cooking oil (UCO), specifically virgin palm oil from Indonesia, exported fraudulently as UCO via … Read the full press release
Posted in Agriculture, Business, Energy, Gas & Oil, Finland, Management, News
Tagged Fraudulent Palm Oil Shipments, Neste, Singapore, USDA Report
(IN BRIEF) Neste has appointed members to its Shareholders’ Nomination Board, including representatives from key stakeholders. The Nomination Board plays a crucial role in proposing potential Board members and determining Board remuneration and size for the Annual General Meeting. The … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management, News
Tagged appointment, Jouko Pölönen, leadership, Maija Strandberg, Matti Kähkönen, Neste, shareholders, Susanna Sieppi, Timo Sallinen
(IN BRIEF) Cologne Bonn Airport has transitioned its diesel-powered ground fleet to Neste MY Renewable Diesel™, a renewable diesel made from 100% renewable raw materials. This switch is particularly important for vehicles that cannot be easily electrified, such as the … Read the full press release
(IN BRIEF) Neste has formed a collaboration with Suntory, ENEOS, and Mitsubishi Corporation to produce PET (Polyethylene Terephthalate) resin using Neste’s renewable feedstock, Neste RE™, on a commercial scale. Neste RE is derived from bio-based raw materials like waste and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Management, News
Tagged ENEOS, Lilyana Budyanto, Mitsubishi, Neste, Neste RE™, partnership, PET Resin, renewable, Suntory, Susanna Sieppi, sustainability
(IN BRIEF) Neste has announced the resumption of renewable diesel production at its Singapore refinery expansion in early August, following an equipment-related shutdown in June. The company is working to ramp up production at the expanded facility, with plans to … Read the full press release
(IN BRIEF) Neste, in collaboration with ScanOcean, has launched its Neste Marine™ 0.1 Co-processed marine fuel in the Swedish market. This lower-emission fuel, with both fossil and renewable content, aims to reduce greenhouse gas emissions in the marine sector. The … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Management, Marketing, News, Transportation & Logistics
Tagged DMA, greenhouse gas (GHG), Jonatan Karlström, Lower-Emission Marine Fuel, Neste, Neste Marine™ 0.1 Co-processed, partnership, ScanOcean, sustainability, Sveta Ukkonen, Swedish Market
(IN BRIEF) Jari Rosendal, a member of the Board of Directors of Neste Corporation, has passed away after a brief illness. Rosendal had been serving on Neste’s Board of Directors since 2018. Neste’s Chair of the Board of Directors, Matti … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management, News
Tagged Board of Directors, Jari Rosendal, Matti Kähkönen, Neste
(IN BRIEF) Renewable fuel company Neste has formed a partnership with Biofuel Express to expand the distribution of Neste MY Renewable Diesel™ in Denmark. Biofuel Express will be responsible for distributing and selling the renewable diesel fuel, while Neste will … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Management, Marketing, News, Retail
Tagged Biofuel Express, Christian Pettersson, Denmark, Martin Sebastian Agdal, Neste, Neste MY Renewable Diesel, partnership
(IN BRIEF) Neste, a global leader in sustainable aviation fuel and renewable solutions, has announced that its inventors have been honored with the European Inventor Award 2023 in the Industry category. The award, presented by the European Patent Office, recognizes … Read the full press release
Posted in Awards, Energy, Gas & Oil, Finland, Industrial
Tagged Annika Malm, Blanka Toukoniitty, EPO, European Inventor Award 2023, European Patent Office, feedstock, Jukka Myllyoja, Jukka-Pekka Pasanen, Lars Peter Lindfors, Neste, Pia Bergström, polymers, R&D Fellow, renewable diesel, renewable feedstock solutions, sustainable aviation fuel
(IN BRIEF) Neste and ITOCHU have expanded their collaboration through a licensing agreement, enabling ITOCHU to become an official distributor of Neste MY Renewable Diesel™ in Japan. This collaboration aims to increase the availability of renewable diesel in the country, … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial
Tagged Itochu, Japan, Neste, Neste MY Renewable Diesel™, Osaka-Kansai Japan Expo, Peter Zonneveld, renewable diesel, SAF, Tatsuya Tanaka
(IN BRIEF) Neste, a global renewable fuels and sustainable solutions company, has been selected as one of the initial companies in the target validation group for science-based targets (SBTs) for nature by The Science Based Targets Network (SBTN). The group, … Read the full press release
(IN BRIEF) Neste, a leading producer of sustainable aviation fuel (SAF), has completed its EUR 1.6 billion Singapore Expansion project. The expansion has doubled Neste’s production capacity in Singapore, making it the world’s leading SAF producer. The refinery’s total capacity … Read the full press release
Posted in Aviation & Aerospace, Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, Investment, Transportation & Logistics
Tagged AMS, Green Plan 2030, HEL, LAX, Matti Lehmus, Neste, Neste MY Sustainable Aviation Fuel™, refinery expansion, renewables, SAF, Sami Jauhiainen, SFO, Singapore, Singapore Changi Airport, Singapore refinery expansion, Sustainable Air Hub Blueprint, sustainable aviation fuel
(IN BRIEF) Neste, a leading renewable fuel producer, has awarded several contractors with the Contractor Safety Award for their commitment and performance in maintaining excellent safety standards. The award recognizes the importance of safety in the workplace and aims to … Read the full press release
Posted in Awards, Energy, Gas & Oil, Finland, Industrial, Management, News, Security & Safety
Tagged Award, DHL Supply Chain, Hannele Jakosuo-Jansson, Lassila & Tikanoja, Marius Grockis, Michael Ahti, Neste, Safety Award, Speweld, winners
(IN BRIEF) Neste, the Finnish renewable fuels and chemicals company, has completed its second series of industrial-scale processing runs with liquefied waste plastic at its Porvoo refinery, with the goal of further understanding how different types of waste plastics behave … Read the full press release
Posted in Business, Chemicals, Economy, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News
Tagged chemical recycling, Heikki Färkkilä, Neste, Neste RE™, polymers economy
(IN BRIEF) Finnair has purchased 750 tons of Neste MY Sustainable Aviation Fuel from Neste to reduce the carbon emissions from flights departing from Helsinki Airport. The fuel volume purchased is Finnair’s single largest batch of sustainable aviation fuel to … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Finland, Management, News, Travel
Tagged carbon emissions, Eveliina Huurre, Finnair, flights, Helsinki Airport, Jonathan Wood, Neste, partnership, SAF, sustainability
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