Neste News

Kinder Morgan, Inc., one of North America’s largest energy infrastructure companies, is partnering with Neste, one of the providers of renewable and circular solutions, to create a premier domestic raw material storage and logistics hub in the United States, supporting increased production of renewable diesel, sustainable aviation fuel and renewable feedstock for polymers and chemicals. Upon completion of the project, Kinder Morgan’s Harvey, Louisiana facility will serve as the prim...

Neste has signed a renewable power purchase agreement with Statkraft, Europe’s largest producer of renewable energy. Statkraft will begin the wind power deliveries to Neste’s Porvoo refinery in Finland in mid-2022. Neste is committed to combat climate change and reduce climate emissions both globally and locally. To support this, the company has two climate commitments. The signed agreement supports Neste’s commitment to reduce the carbon footprint of its production and to rea...

Neste is the first company in Finland to provide a service for companies and other organizations to monitor their climate emissions caused by the use of transport fuels. According to Neste’s industry survey conducted in August 2021, the use of Neste MY Renewable Diesel™ has increased rapidly for example in the public sector, goods transport, and the manufacturing industry, while growth has remained moderate in other sectors. Reduce greenhouse gas emissions Road transport accounts...

Markku Korvenranta, M.Sc. (Eng), has been appointed as Executive Vice President of the Oil Products business unit and a member of the Neste Executive Committee. He will join Neste in January 2022, at the latest, and will report to President and CEO Peter Vanacker. Korvenranta will transfer to Neste from Marquard & Bahls, Germany, and will be based in Finland. Strategy execution “I am pleased to welcome Markku to lead our Oil Products business unit and strengthen our Executive Commit...

Neste, the provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, launches Neste MY Renewable Diesel™, in the Belgian market. The fuel, produced from 100% renewable raw materials, is brought to the Belgian market in collaboration with the channel partner EG Group. Neste MY Renewable Diesel enables customers to reduce greenhouse gas emissions by up to 90% over the fuel’s life cycle compared to fossil diesel. Another important st...

IAG Cargo, the cargo division of International Airlines Group, completed its first sustainable aviation fuel (SAF) charter chain of 16 flights from Stuttgart to Atlanta recently. Net-zero carbon emissions Working with their partner Kuehne+Nagel, IAG Cargo sourced 1.2 million litres of Neste MY Sustainable Aviation Fuel™ from Neste. This collaboration marks the first time that passenger-freighter charter flights are operated with net-zero carbon emissions. The last of the British Airways...

Neste, the provider of sustainable aviation fuel (SAF), has set up a supply of Neste MY Sustainable Aviation Fuel™ at Cologne Bonn Airport. By doing so, Neste is helping to meet increasing levels of demand from air freight and corporate customers at Cologne Bonn Airport. AFS, Germany's provider of aviation fueling services, supports Neste in serving this market. The first flight fuelled with Neste MY SAF was a cargo flight in early June operated by ASL Airlines on behalf of Amazon. SAF f...

Together with its partner - ScanOcean AB, Neste is broadening the sales and distribution of low-sulphur marine fuels in the Swedish market. At the end of June 2021, ScanOcean will add Neste MGO DMA from the Neste Marine™ 0.1 product range to their product offering, alongside the Neste MDO DMB. Both bunker grades will be available at the Södertälje ex-pipe bunker station that serves vessels also in transit into Lake Mälaren. Compatibility features We are working...

Neste and LyondellBasell announced a long-term commercial agreement under which LyondellBasell will source Neste RE™, a feedstock from Neste that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats. This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany, plant into polymers and sold under the CirculenRenew brand name. “We are delighted that our strategic relationship with LyondellB...

Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines. Minimising climate impact As companies adopt new meeting and engagement approaches taking the l...

Neste and ITOCHU Corporation has announced that they are joining forces to deliver renewable diesel to the Japanese market. In this collaboration, ITOCHU Corporation will be the first company in Japan to sell and distribute renewable diesel from Neste. In addition, FamilyMart, which is owned by ITOCHU Corporation and is one of the largest convenience store chains in Japan, will start to use renewable diesel in some of the delivery vehicles at their distribution centre in Yokohama City. Thi...

Until now, there have been no commercial drop-in solutions for replacing fossil gasoline to reduce high amounts of greenhouse gas emissions from conventional petrol cars, without investing into new vehicles or modifying the old ones. Neste, the producer of renewable diesel and sustainable aviation fuel (SAF) may be the first to have developed a renewable gasoline for such commercial use in the existing fleet. The final phase of testing is now beginning with the target to complete commercia...

Neste, Mitsui Chemicals, Inc. and Toyota Tsusho Corp. announced that they are joining forces to enable Japan’s first industrial-scale production of renewable plastics and chemicals from 100% bio-based hydrocarbons. In this collaboration, Mitsui Chemicals will use Neste RE™, 100% bio-based hydrocarbons produced by Neste, to replace a part of the fossil feedstock in the production of a variety of plastics and chemicals at its crackers within Osaka Works during 2021. In doing so, Mits...

A decade after refocusing its strategy on renewable fuels and plastics, Neste’s Q1 2021 results show that the company is on track in creating the change needed to build a more sustainable future. Over the last decade, Neste has become a major player in renewables. Its transformation from a regional oil refinery to becoming a globally renowned company in renewable and circular solutions speaks loudly about limitless curiosity, courage, hard work and perseverance. Neste – one of the...

Neste, the producer of renewable diesel and largest renewable diesel supplier in California, announced it had opened two new Neste MY Renewable Diesel fueling stations in southern California. The company’s ambition is to create a renewable diesel fueling network across the U.S. West Coast. Benefits of renewable diesel Neste MY Renewable Diesel is a triple win for any fleet operator with vehicles on the road" “Neste MY Renewable Diesel is a triple win for any fleet operator with v...

Finnish cosmetics company - Lumene introduces Neste MY Non-Road Diesel™ at its factory in Kauklahti, Espoo, Finland, during this spring. The renewable fuel oil replaces the fossil fuel oil previously used at the factory. By switching to a new renewable solution launched by Neste in early 2021, Lumene is able to reduce the greenhouse gas emissions from the production of process steam needed in product manufacturing by up to 90% compared to using fossil fuel oil. Renewable raw materials &...

Neste and NuStar Energy L.P announced that supply trucks are 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 and its partners Avfuel and Signature Flight Support are now able to supply sustainable aviation fuel to a growing number of airports across the western United...

A team of aerospace specialists has launched the world’s first in-flight emissions study using 100% sustainable aviation fuel (SAF) on a wide-body commercial passenger aircraft. Use of SAF on aircraft  Airbus, German research centre - DLR, Rolls-Royce, and SAF producer Neste have teamed up to start the pioneering ‘Emission and Climate Impact of Alternative Fuels’ (ECLIF3) project looking into the effects of 100% SAF on aircraft emissions and performance. Findings from t...

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 many positive drivers for both sites, the difference between the costs is significant in favour of Rotterdam. Raw material sourcing opportunities &ldqu...

Neste has opened a new office in Melbourne, Australia. The office hosts Neste’s team focused on sourcing renewable raw materials, such as used cooking oil and waste animal fats, directly from suppliers in the Australian and New Zealand markets.   “We established our renewable raw material sourcing operations in Australia at the end of 2019, to be closer to our local partners and stakeholders,” said Stewart Waters, General Manager of Neste Australia. Neste’s ne...

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. “We are committed to help customers reduce greenhouse gas emissions by 20 million tons annually by 2030. We aim to achieve this commitment with our portfoli...

Neste has placed 4th on the Corporate Knights’ Global 100 list of the world’s most sustainable companies. This marks the company’s 15th consecutive inclusion on the Global 100 list. Neste has been included on the list continuously for longer than any other energy company in the world. “We are pleased to be recognised as one of the most sustainable companies in the world. Many businesses are continuously improving their sustainability efforts and placing on the list gets...

Neste and Avfuel Corporation announce a strategic partnership to create an efficient, continuous supply of sustainable aviation fuel (SAF) in the United States. Neste will provide Avfuel with SAF in volumes able to meet the growing demands of Avfuel’s customers, including fixed base operators (FBOs), airports, flight departments, original equipment manufacturers (OEMs), and commercial operators. Avfuel will be a branded SAF distributor for Neste, and will sell it under the brand name Nest...

Neste successfully processed 400 tons of liquefied plastic waste at its refinery in Finland this fall, an amount corresponding to the annual amount of plastic waste generated by 20,000 average European citizens. This was the first time Neste processed liquefied waste plastic at an industrial scale. During the run, packaging and mixed waste plastics were upgraded into high-quality recycled feedstock for petrochemical industry uses, e.g. for the production of new plastics. The processing run mar...