Neste News

Swedish firm ScanOcean and Finnish oil refining and marketing company Neste Oyi have unveiled a new lower-emission DMA Gasoil for the shipping sector. Lower-emissions DMA The new lower-emissions DMA is produced by adding renewable raw material into the conventional refining process and by using mass-balance the fuel attains high GHG emissions reducing benefits while maintaining the quality and specifications of the fuel to ISO 8217. The fuel is certified according to ISCC Plus. According to...

Rolls-Royce and Neste have signed a Memorandum of Understanding (MoU) to build a strategic partnership on the implementation of sustainable fuels for diesel engines. Both companies share a common vision - that sustainable fuels will play a key role in reducing greenhouse gas emissions in off-highway applications. The main components of the agreement are: promoting the use of existing internal combustion engines for sustainable fuels; advancing the transition from fossil fuels to sustainable fue...

Neste and Rolls-Royce have agreed to build a strategic partnership on accelerating the use of renewable diesel as a lower-emission solution for diesel engines. Both parties share a common vision of renewable fuels playing a key role in reducing greenhouse gas emissions in off-highway applications, such as construction and power generation. The key focus in the collaboration will be on promoting the use of more sustainable fuels in applications based on the existing internal combustion engine te...

Neste’s fuel distributor Bolloré Energy has announced an exclusive long-term supply contract with the French transportation company LK Kunegel to replace 100% of their fossil diesel use with renewable diesel (also known as HVO100) from Neste. LK Kunegel operates 350 buses that cover around 15 million kilometers each year. By switching to Neste-produced renewable diesel, LK Kunegel expects to reduce its carbon footprint annually by 10,000 tons of CO2.  Low-carbon liquid fuels...

Neste has been selected as a finalist in the contest for the German Sustainability Award for companies 2023. With its ambitious sustainability vision and renewable solutions for the aviation industry, road transport, and polymers and chemicals, Neste was nominated for the final round. The winner will be announced and awarded at ceremonies taking place in Düsseldorf, Germany, on December 1 and 2. German Sustainability Award The German Sustainability Award recognises companies th...

Neste and the University of Helsinki have agreed on a five-year cooperation to support the work of the new CoastClim research centre (Centre for Coastal Ecosystem and Climate Change Research). CoastClim is a new research centre of the University of Helsinki that is carrying out groundbreaking research on the link between the state of the seas and climate change. Combating climate change is at the heart of both CoastClim’s activities and Neste’s strategy. Supporting the research cent...

Chris Cooper has been appointed President of Neste US, effective from 1 July 2022. In his new role, he is responsible for supporting and aligning regional business strategies to deliver strategic growth targets, and he acts as Neste’s primary representative for the external community in the US. At the moment, Chris Cooper is holding the position of Vice President of Americas of Neste Renewable Aviation. Accelerate renewable growth strategy “The US presents important opportunities...

Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers' higher climate ambitions. Neste’s current 1.4 million ton capacity for renewable products in Rotterdam is the largest in Europe. The Rotterdam refinery expansion investment of approximately EUR 1.9 billion will expand Neste’s overall renewable product capacity by 1...

Finnish shipping company ESL Shipping will become the world's first shipping company to start utilizing new low-emission Neste Marine™ 0.1 Co-processed marine fuel in its vessels in Finland and Sweden. The ISCC PLUS certified marine fuel enables up to 80% reduced greenhouse gas emissions over the life cycle compared to fossil fuels without compromising the product quality and performance. ESL Shipping is the carrier of dry bulk cargoes in the Nordic and Baltic regions. Constantly in sear...

Neste, Covestro, and South Korean petrochemical company SK geocentric are cooperating to enable the production of a major polyurethane raw material based on renewable raw materials via mass balance. The cooperation will see Neste provide SK geocentric with renewable Neste RE™, an ISCC-certified feedstock for polymers and chemicals made from 100% renewable raw materials such as waste and residue oil and fats. Energy consumption SK geocentric will process this feedstock into benzene at th...

Neste and Netherlands-based startup Circularise have announced a partnership to bring Circularise’s traceability software into circular polymers and chemicals supply chains. The companies are collaborating in establishing digital solutions to trace renewable and recycled material flows, providing increased transparency along the value chain. The companies will use Circularise’s blockchain-based supply chain traceability software, which creates a digital twin for the physical materia...

Carl Nyberg, M.Sc. (Economics and Business Administration), has been nominated as Executive Vice President, of Renewables Platform, and a member of the Neste Executive Committee. He will start in this position on 1 June 2022 and will report to President and CEO Matti Lehmus. In this role, he succeeds Matti Lehmus, who was appointed as Neste’s President and CEO as of 1 May 2022. Carl Nyberg joined Neste in 2005 and has held several key leadership positions during his career at Neste. He ha...

Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine™ 0.1 Co-processed marine fuel in Scandinavia – a solution helping the maritime sector to reduce greenhouse gas (GHG) emissions. The ISCC PLUS certified marine fuel enables up to 80% GHG emission reduction over the lifecycle compared to fossil fuels without compromising product quality and performance. Accounting for 90% of world trade and 13% of global transport emissions, the shipping industry needs s...

Coldplay is partnering up with Neste to take steps towards the band’s target of reducing CO2 emissions from the Music Of The Spheres World Tour by 50% compared to the band’s previous world tour. Neste will provide Coldplay with sustainable aviation fuel (SAF) to help reduce emissions from air travels, while the company’s renewable diesel will help cut emissions from the band’s tour transports and stage power generation. In 2019, Coldplay pressed pause on their touring un...

Neste Corporation’s Board of Directors has appointed Matti Lehmus (born 1974) as President and CEO as of 1 May 2022. He succeeds Peter Vanacker, who will hold the position until 30 April 2022. Matti Lehmus holds a M. Sc. in chemical engineering and an eMBA. He joined Neste in 1998 and has held several key leadership positions during his career in both the oil products business and renewables. He has been a member of the Neste Executive Committee since 2009 and currently serves as Exe...

DHL Express and Neste have announced a significant step towards decarbonising aviation logistics by expanding their existing cooperation with a new strategic collaboration. In the next five years, Neste will supply DHL with approximately 320,000 tons (400 million liters) of Neste MY Sustainable Aviation FuelTM. The agreement is Neste’s largest for Sustainable Aviation Fuel (SAF) to date and one of the largest SAF agreements in the aviation industry. SAF availability  Nest...

The European business community has been united in condemning the invasion of Ukraine by Russia. Neste has a common concern about the situation. Due to the current situation and the uncertainty in the market, Neste has mostly replaced  Russian crude oil with another crude, such as North Sea oil. Neste will closely monitor the situation and the development of sanctions and potential counter-sanctions and prepare for various options in procurement, production, and logistics. Neste’s re...

Neste Corporation has signed definitive agreements for the establishment of a 50/50 joint venture with US-based Marathon Petroleum (Marathon). The joint venture will produce renewable diesel following a conversion project of Marathon's refinery in Martinez, California (the Martinez Renewable Fuels project). The closing of the joint venture is subject to customary closing conditions and regulatory approvals, including obtaining the necessary permits, which depend upon the certification of a fina...

Neste will introduce its first dedicated charging service for logistics companies in the Finnish market in February 2022. Neste ran a service pilot in 2021 together with Finland's moving and logistics company Niemi Services Ltd. The pilot was a success, and the Neste Charging service will be widely available for the transport industry to support companies in achieving their ambitious climate goals. By using the Neste Charging service to charge their electric vehicles, logistics companies c...

In 2021, Neste’s renewable and circular solutions helped customers reduce greenhouse gas (GHG) emissions globally by 10.9 million tons. This amount equals the annual carbon footprint of 1.7 million average EU citizens or the removal of 4.2 million passenger cars from the roads for a full year. “With the 10.9 million tons reduction in GHG emissions, we are more than halfway to our commitment of helping our customers reduce emissions with our renewable and circular solutions by at lea...

From January 2022 onwards, Liebherr will be expanding its use of Neste MY Renewable Diesel™ to its plant in Kirchdorf where the company develops and manufactures annually approximately 2,500 machines, such as hydraulic excavators, material handling machines, and articulated trucks. Neste-produced renewable diesel will be used in the first fill and testing as well as in all plant traffic. Liebherr has already been powering its mobile and crawler cranes at its plant in Ehingen exclusively w...

Malaysia Airlines, the national carrier of Malaysia operated its inaugural flight using sustainable aviation fuel (SAF) in partnership with PETRONAS Dagangan Berhad (PDB) and Neste. The flight marks Malaysia Airlines’ commitment to make SAF the cleaner and more viable energy option for regular flights by 2025. Collaborative result The historic flight MH7979 utilising the Airbus 330-200 aircraft departed Amsterdam Airport Schiphol at 12:55 pm local time using a blended mixture of approxim...

Neste Corporation’s President and CEO Peter Vanacker has given notice of his resignation from the company. He will leave his position at Neste at the latest in June 2022. The search for Vanacker’s successor starts immediately. “I warmly thank Peter for his great work in accelerating Neste’s transformation into a global leader in renewable and circular solutions driven by high climate ambitions. During these past three years, Neste has been able to renew and execute its g...

The EU Innovation Fund has given a positive grant decision of EUR 88 million funding to Neste’s green hydrogen and CO2 capture & storage project, which aims to quickly and efficiently reduce greenhouse gas emissions at the Porvoo refinery in Finland. The project introduces carbon capture and storage (CCS) and electrolysis solutions that allow decarbonisation of production at the refinery. The project is currently in the feasibility phase. Climate targets  The project will stron...

Neste has been selected in the Dow Jones Sustainability Indices (DJSI) for the 15th consecutive year. Neste is included in both DJSI World and DJSI Europe listing, among the most sustainable companies in the world. Neste’s performance received the industry’s best scores in materiality and environmental and social reporting, contributing to the company’s inclusion among the top performers. Ambitious climate commitments “The recognition in the Dow Jones Sustainability In...

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 starting point of joint global chemical recycling (often also called “advanced recycling”) activities, built upon the advancement of the thermochemical liquefaction technology of US-based Alterra Energy, an innovative chemical recycling technology company. With this, Neste, the producer of r...

Neste, the provider of renewable diesel and sustainable aviation fuel as well as a forerunner in renewable and circular solutions for the polymers and chemicals industry, further accelerates the implementation of its growth strategy by establishing an R&D centre in Singapore. With this investment, Neste aims to increase its R&D and innovation capabilities globally, and drive collaboration with partners in the Asia-Pacific region, especially in Singapore. Production capacity “Nes...

Neste and Hesburger, a Finnish restaurant chain, will engage in significant circular economy collaboration. Used cooking oil from more than 300 Hesburger restaurants in Finland and in the Baltics will be recycled to produce renewable diesel. As a result of the collaboration, Hesburger will begin using Neste MY Renewable Diesel™ in the majority of its transport vehicles in Finland, reducing the greenhouse gas emissions in these transports by up to 90% compared to fossil diesel use. Produc...

Neste recently conducted a life cycle assessment (LCA) study on the environmental impacts of the usage of its 100% renewable feedstock, Neste RE™.  It shows a greenhouse gas (GHG) emission reduction of more than 85% over the life cycle when Neste RE was used to replace conventional fossil feedstock in the chemical and polymers industry. The study thereby confirms the results from earlier studies on Neste’s feedstock for the polymers industry. LCA Study follows a 'cradle-to-gat...

Following the launch of Neste MY Renewable Diesel™ on the Belgian market in July 2021, Neste has entered a partnership with Q8 to offer the product on seven Q8 stations during the year. Neste MY Renewable Diesel is a premium diesel made entirely from renewable raw materials. It helps reduce greenhouse gas (GHG) emissions by up to 90% when emissions over the fuel's life cycle are compared with fossil diesel. Renewable diesel is a “drop-in” fuel, fully compatible with all d...