Neste
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Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. Neste refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. Neste is the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. Neste aims at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, Neste is also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products
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Neste to receive funding from the EU Innovation Fund for chemical recycling project in Porvoo
Neste has received grant for up to EUR 135 million from the EU Innovation Fund for the company’s PULSE project to build chemical recycling capacities
Neste invests in its world scale renewable products refinery in Rotterdam, The Netherlands
At current 1.4 million ton capacity renewable products in Rotterdam is the largest in Europe. The Rotterdam refinery expansion investment is about EUR 1.9 billion
VTT and Neste agreed on building an integrated Power-to-Liquids (e-fuels) demonstration facility at VTT Bioruukki Pilot Centre for CO2 capture, green hydrogen and e-fuels production In Espoo, Finland
During 2022 and early 2023, electrolysis, CO2 capture, and synthesis units located in sea containers will be connected to each other and VTT Bioruukki research infrastructure. The E-fuel project p...
Neste and The European Commission's CINEA sign the EU Innovation Fund’s grant agreement for the clean hydrogen project 'SHARC' in Porvoo
The ‘SHARC’ project introduces electrolysis and carbon capture and storage (CCS) solutions that allow the quick and efficient reduction of greenhouse gas emissions at the refinery.
Awarded first call large-scale projects on climate action by European commission
7 projects aiming to bring breakthrough technologies to the market in energy-intensive industries, hydrogen, renewable energy; and carbon capture, use and storage were pre-selected for grant agree...
Neste and Ravago plan to set up a joint venture to focus on chemical recycling of waste plastic in Vlissingen, the Netherlands
Neste and Ravago aim to establish a joint venture to build an industrial facility for chemical recycling in North Sea Port in Vlissingen, the Netherlands. The facility is intended to be the startin...
Neste is progressing on its projects on Innovation and Sustainability at Porvoo refinery, Finland
Lignocellulosic (forestry- and agricultural waste based) fuels, chemicals, and materials; scalable feedstocks for renewable aviation fuels including algae and municipal waste; and renewable hydroge...
Technip Energies Awarded Two Contracts by Neste for Development of Its Renewables Production Platform in Rotterdam, the Netherlands
Two contracts have been awarded for work on the development of the renewables production platform in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Neste and Tech...
Neste refinery is getting ready for the major turnaround in Porvoo, Finland
The total investments of the Porvoo refinery major turnaround are estimated to be around EUR 330 million.
Neste successfully completed its first industrial-scale processing run with liquefied waste plastic in Porvoo, Finland
Neste has a target to process annually over 1 million tons of waste plastic from 2030 onwards. The company plans to use liquefied plastic waste as a raw material at its fossil oil refinery to upgra...
Neste to acquire Bunge's refinery plant in Rotterdam
Neste has agreed to acquire Bunge refinery plant located in Rotterdam, the Netherlands for a purchase price of 258 million euros, to increase raw material pretreatment capacity for the production o...
Neste acquired Count Terminal Rotterdam to strengthen its growth strategy in renewable raw materials supply
Neste has 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.
LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materials
This collaboration marks the first time bio-based polypropylene and bio-based low-density polyethylene were produced simultaneously at commercial scale
Neste breaks ground on world's first Bio LPG facility in Rotterdam
he EUR 60 million facility will start production of Bio LPG in the end of 2016. SHV Energy will market and sell Bio LPG to be produced at Neste's Rotterdam refinery.
Neste Oil celebrates the grand opening of Europe's largest renewable diesel refinery in Rotterdam
The start-up of the Neste Oil's Rotterdam refinery took place in September 2011. The refinery produces premium-quality NExBTL renewable diesel, which is the cleanest and highest-quality renewable d...