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Wikipedia

Neste

December 26, 2022

For other uses, see Neste (disambiguation).
Not to be confused with Nestlé.

Neste Oyj (international name: Neste Corporation; former names Neste Oil Corporation and Fortum Oil and Gas Oy) is an oil refining and marketing company located in Espoo, Finland. It produces, refines and markets oil products, provides engineering services, and licenses production technologies. Neste has operations in 14 countries.[2]

Neste Oyj
Neste headquarters in Espoo.
TypeJulkinen osakeyhtiö
Nasdaq Helsinki: NESTE
IndustryOil and gas industry
Founded1948; 74 years ago (1948)
Headquarters
Espoo
,
Finland
Key people
Matti Lehmus (President and CEO)
Matti Kähkönen (Chairman of the Board)
ProductsRefined oil products
Renewable fuels
Revenue €15.148 billion (2021)
€2.023 billion (2021)
€1.774 million (2021)
Total assets €12.417 billion (2021)
Total equity €6.985 billion (2021)
Number of employees
4,872 (2021)
Websitewww.neste.com
Footnotes / references
[1]
Neste's logo until 1 April 2015

Neste shares are listed on the NASDAQ OMX Helsinki Stock Exchange. As of 2022, the Prime Minister's Office of Finland is the largest shareholder in the company, owning 35.91% of shares.[3]

In 2021, Neste was the third largest company in Finland in terms of revenue.[4]

The name "Neste" means "liquid" in Finnish.

History

1948–1997 (Neste)

Neste was founded in 1948 as the State petrol company of Finland with the purpose to ensure the availability of refined fuels in Finland. The company's headquarters was established in Espoo.[5] At the time, there was no oil industry or related expertise in Finland, and the company had to start operations from scratch.[6]

In 1955, Uolevi Raade became the company's CEO.[5] In 1957, the first oil refinery in Finland was built at Naantali using US technology.[7][8][6] The Porvoo refinery was built in 1965 in Sköldvik (Kilpilahti).[7] Originally, much of the oil refined was of Soviet origin, though North Sea oil was used after the collapse of the USSR.[9]

In the 1960s and 1970s, Neste became the largest company in Finland. In addition to oil refining, Neste began exploring and producing oil and gas and entered into the chemical industry.[6] During the Cold War, Finland imported goods from the Soviet Union in order to retain exporting privileges to the country. Towards this end, Finland imported Russian oil, which was refined by Neste.[6]

In 1971, Neste acquired half of Kesko-owned Kesoil.[10]

In the 1970s, Neste's fleet constituted one third of Finland's merchant fleet in terms of its load capacity (1.1 million deadweight tons). Neste Shipping's largest tankers were the 114,000-dwt sister vessels Tiiskeri (1969) and Enskeri (1970), and the 259,000-dwt vessels Jaarli, Jatuli and Jurmo, all of which were built at the beginning of the decade and bought second-hand in 1979.[11] Because of the operations of Neste, the oil crisis of 1973 had little effect in Finland.[9]

In 1976, Finland's first skyscraper, Neste's 83.6-meter tall headquarters, was built in Keilaniemi, Espoo. It was built in Espoo because Helsinki did not issue a building license for such a tall building.[12]

In 1980, Jaakko Ihamuotila became the CEO.[5]

Neste started its service station operations in 1983.[7]

Neste held a legal import monopoly until the market liberalization in the 1990s.[9] In 1990, Neste's international oil trade accounted for about half of its turnover and oil refining for a quarter. In 1991, the company's turnover stood at 53.025 billion Finnish markka, and it employed around 13,685 people.[5] After the Soviet Union collapsed in 1991, the supply of oil from the region also dropped, and Neste had to find new sources of raw material.[6] Neste had built several chemical plants around Europe, but as the prices of oil and chemical products plummeted, Neste decided to sell off its chemical industry operations.[6]

In 1991, Neste became the majority owner of Finnoil. Kesoil also became a wholly owned subsidiary. In 1992, Union service stations became Neste service stations. The following year the same happened to Finnoil service stations.[13]

In 1994, Gasum was established with Gazprom as a minor (25%) shareholder. In 1994, Neste's polyolefin production was separated into Borealis, a joint venture with the Norwegian Statoil. In 1998, Neste's 50% stake in Borealis was sold to OMV and IPIC.[14]

In 1994, Neste began as the main sponsor of a competition previously known as the Finnish Rally and renamed Neste Rally Finland. In October 2020, Neste ended its 26-year title sponsorship.[15][16]

In November 1995, the company was listed on the main list of the Helsinki Stock Exchange.[7]

1998–2005 (Neste as part of Fortum)

In 1998, Neste merged with the power company Imatran Voima Oy to create Fortum Oyj. After the merger the chemical operations of Neste were transferred to the newly established company Neste Chemicals, which was sold to the investment firm Industri Kapital for $535 million.[17] In 1998, Kesoil service stations also became Neste stations.[13]

An engineering joint venture, Neste Jacobs Oy, was established with the American Jacobs Engineering in 2004.[18] In May 2004, Fortum Oil and Gas Corporation was split into two: the company's oil business was renamed Fortum Oil Corporation and other operations renamed Fortum Heat and Gas Corporation.[7] Fortum Oil Corporation was a subsidiary of Fortum Corporation.[19]

2005–2014 (Neste Oil)

In the spring of 2005, Fortum Oil Corporation was demerged from Fortum, becoming the Neste Oil Corporation.[19]

Neste Oil Corporation was listed on the Helsinki Stock Exchange in June 2005.[19] Risto Rinne started as Ihamuotila's successor and CEO.[20]

A renewable diesel plant, using second generation biofuels and NEXBTL technology and located at the Porvoo refinery, was brought on stream in 2007, together with a new conventional diesel production line.[21] At the same year, the entire bus fleet of Helsinki Region Transport switched fully to diesel produced using NEXBTL technology. Experiments by Neste, VTT Technical Research Centre of Finland and Proventia showed that local emissions decreased significantly after the switch, with overal particle emissions decreasing by 30% and nitrogen oxide emissions by 10%, with excellent winter performance and no problems with catalytic converters.[22][23] A second renewable diesel plant at Porvoo was became operational in 2009.[24]

In 2007, Neste started a research program on algae, but this was discontinued in 2015. In 2019, the research program restarted to investigate the production of aviation fuel from algae and municipal solid waste.[25]

In 2008, Rinne retired, with Matti Lievonen succeeding him as CEO.[26] In November 2010, Neste launched the world's largest renewable diesel plant,[27] with an annual production capacity of 800,000 tons, in Singapore. The plant used palm oil and other renewable feedstocks as raw materials. Its investment costs were 550 million euros. The use of palm oil was criticized by Greenpeace for its environmental impact. Neste committed to using only sustainably produced palm oil. Neste is a member of the Roundtable on Sustainable Palm Oil (RSPO), an organization established to promote the use of certified palm oil. The organization includes producers, environmental organizations and other NGOs, as well as large palm oil consumers such as Western energy and consumer product companies.[28]

In 2011, a plant similar in size to the Singapore plant was launched in Rotterdam, Netherlands.[29] Its investment costs amounted to 670 million euros.[30]

Neste and Stora Enso ran a joint venture to research the production of renewable diesel oil from wood biomass through biomass gasification and the Fischer-Tropsch process in Varkaus, Finland. However, coming second in a bid for European Investment Bank startup funding led to the cancellation of this project in 2012.[31]

Neste's self-service station chain in Poland was sold to Royal Dutch Shell in April 2013.[32] In the same month, Neste announced that it had started cooperation with The Forest Trust (TFT), an organization that focuses on combating deforestation.[33] During 2013, Neste abandoned its shipping operations; it sold eight vessels (five tankers and three tugboats) owned by Neste Shipping to a shipping company owned by the National Emergency Supply Agency and Ilmarinen Mutual Pension Insurance Company, which began to lease the vessels to Neste. The holding company owns the vessels, which are operated by a separate ship management company. Ensuring supply security was one of Neste's responsibilities. However, this was at odds with the company's operations in the international market. After the change of ownership, the vessels continued to employ a Finnish crew and sail under the Finnish flag. Neste Oil kept three tankers as well as ships owned on a fifty-fifty basis with Swedish company Stena, which it intends to sell later. These ships were not needed to ensure supply security.[34]

2015–2019 (Neste)

In 2015 the company's name was changed from Neste Oil back to Neste to emphasize the company's focus on the renewable energy business.[35][36][37] In 2016, the Neste Oil chain of service stations also shortened its name. The Neste chain included nearly 800 stations in Finland, as well as 258 stations in the Baltics and several in the Saint Petersburg region in Russia.[37]

In 2017, Neste acquired Jacobs Engineering's 40% stake in Neste Jacobs and gained full control of the company. After the takeover, Neste Jacobs was renamed Neste Engineering Solutions Oy.[18]

When CEO Lievonen retired in November 2018, he was followed by the Belgian-German Peter Vanacker.[26] In December, Neste announced an investment decision of around 1.4 billion euros in Singapore, which would increase its total capacity of renewable products in Singapore by 1.3 tonnes per year. It was estimated that the company's total annual production capacity of renewable products would increase to nearly 4.5 million tonnes by 2022.[38]

In February 2019, Neste reported that as of May, it would divide its renewable products business area into three business units and one operating platform, namely Renewable Aviation, Renewable Polymers and Chemicals, Renewable Road Transportation, and Renewables Platform (responsible for managing and developing the production and supply chain of renewable products).[39] In June, Neste and LyondellBasell announced the commercial-scale production of bio-based plastic from renewable materials.[40] In July, Neste sold its chain of service stations in Russia to Tatneft. The deal included a fuel terminal and 75 stations in the Saint Petersburg region.[41] In 2019, Neste was the largest corporate taxpayer in Finland.[42]

2020– (Neste)

In March 2020, Neste made an investment in the German Sunfire company, which develops high-temperature electrolysis technology.[43] In September, Neste sold its 49.99% stake in Nynas AB to Bitumina Industries.[44] Also in September, Neste started cooperation negotiations concerning the closure of the Naantali refinery because of the decreasing global demand for fossil fuels and the simultaneously increasing overcapacity.[45] The refinery was planned to close by the end of March 2021.[46] The company's aim was to keep its terminal and port operations in Naantali and focus refinery operations in Porvoo.[8] In October, Neste, Covestro, and Borealis started a cooperation for production of polycarbonate plastics. As part of the cooperation, Neste produces hydrocarbons from renewable raw materials as a feedstock to manufacture phenol by Borealis. Phenol is used by Covestro to produce polycarbonate plastics, which would primarily be used for car headlights and window coatings.[47][48]

In December 2021, CEO Vanacker resigned to become the CEO of LyondellBasell.[49]

In March 2022, Neste and US-based Marathon Petroleum announced they would form a joint venture in which each will hold half of the shares. The companies planned to invest a total of around 1,800 million euros in upgrading Marathon's refinery in Martinez, California. From the end of the year 2022, the refinery was expected to produce around 2.1 million tonnes of renewable diesel per year.[50] Vanacker continued in his role until April. In May he was followed by Matti Lehmus, who had joined Neste in 1998 and been a member of the executive committee since 2009.[51]

Operations

Neste's operations are divided into marketing and services, oil products, renewable aviation, renewable polymers and chemicals, and renewable road transportation units, as well as managing an operating platform.[52]

Refining

 
Neste's Porvoo refinery

In 2022 Neste operated conventional oil refineries at Porvoo in Finland and renewable diesel refineries in Porvoo, Singapore and Rotterdam, Netherlands.[53]

In 2015, two renewable diesel production lines in Porvoo produced 0.525 million metric tonnes of renewable diesel, which was approximately one fifth of the diesel consumption of Finland.[54][55][56] Neste's production facility in Singapore is the largest renewable diesel refinery in the world, with an annual capacity of 1.1 million metric tonnes.[57] A planned new production line is expected to increase its capacity by one million tonnes in 2022.[57]

Neste's refinery feedstock includes of crude oil and renewable raw materials, such as used cooking fat, waste animal and fish fat from the food industry,[45] waste and residues from vegetable oil production, technical corn oil, palm oil, rapeseed oil, and soybean oil.[58] About 80% of renewable feedstock is waste and residue fats and oils.[59] Neste also researches the use of community waste, algae, lignocellulose,[45] and liquefied waste plastic as feedstock.[59] In 2019, most of the crude oil used by Neste came from Russia.[58]

Neste produces gasolines, diesel, aviation and marine fuels, light and heavy fuel oils, base oils, gasoline components, special fuels and solvents.[60][61] LPGs, carbon dioxide, and sulfur are sold as by-products. Neste's products include dozens of types of gasoline and more than a hundred end-products.[62] In 2017, Neste was the world's largest producer of renewable diesel, producing 2.6 million tonnes per year.[63]

Neste has developed the proprietary NEXBTL technology for the production of renewable fuels.[38] Renewable diesel is a hydrodeoxygenated paraffinic fuel, which can be used in conventional diesel engines without engine modifications.[64] Neste's sustainable aviation fuel is a drop-in fuel, which can be mixed with kerosene to produce a mixture that contains at least 50% kerosene.[65] Among others, it is used by Lufthansa and the Swedish Air BP.[65] In 2019, Neste produced about 100,000 tonnes of sustainable aviation fuel[65] and plans to produce around 1.5 million tonnes per year by 2023.[66]

Service stations

Neste owns a chain of service stations, which is the largest in Finland.[67] In 2020, Neste had station chains consisting of more than 800 traffic and automatic stations in Finland, Estonia, Latvia and Lithuania. Its service station chain in Finland includes several networks of stations: Neste, Neste K, unmanned Neste Express stations, and the Neste Truck stations for heavy-duty vehicles.[68][69]

Corporate issues

Shareholding

As of 31 May 2022, the five largest shareholders of Neste were:[3]

  • Prime Minister's Office (35.91%)
  • Ilmastorahasto Oy (8.31%)
  • Varma Mutual Pension Insurance Company (1.34%)
  • Ilmarinen Mutual Pension Insurance Company (1.28%)
  • Kela, the Social Insurance Institution of Finland (1.03%)

Recognition

  • Neste was ranked Finland's most respected service station brand in a survey of Finnish brands carried out by Taloustutkimus and Markkinointi & Mainonta in Summer 2013.[70]
  • In February 2014, Talouselämä magazine named Neste's NEXBTL renewable diesel as the most groundbreaking Finnish business innovation of the new millennium.[71]
  • Neste was ranked the second most sustainable company in the world on the 2018[72] Global 100 index ranking by Corporate Knights, a financial information company. In 2019 and 2020 Neste was selected as the third most sustainable company and in 2021 as the fourth most sustainable company in the world in the same index.[73]
  • In October 2019, the consulting company Innosight listed Neste as one of the companies that made the most positive changes in their operations.[58]
  • Between 2007 and 2019, Neste has been listed in the Dow Jones Sustainability Index (DSJI), which ranks the world's technology companies in terms of their sustainability efforts.[74][75]

Environmental record

Climate record

Neste has a target to make its production carbon neutral by 2035.[8]

Palm oil

Neste has been criticized for using palm oil and palm fatty acid distillate, a by‐product of physical refining of crude palm oil products, as a part of its feedstock for renewable products.[59][76] Critics include of WWF,[76] Greenpeace,[77] Biofuelwatch[59] and Milieudefensie,[78] among others.

Neste consumes 1–2% of the world's total palm oil production.[59] In 2016, less than 20% of renewable raw materials used by Neste was crude palm oil.[79] Crude palm oil used by the company has been traceable to the oil palm plantation level since 2007, and has been 100% certified since 2013.[79] However, certification does not apply to palm fatty acid distillate.[59] Since 2016, Neste has published information about all its crude palm oil suppliers on its website.[79]

In 2018 Biofuelwatch stated in their annual report that Neste meets EU sustainability standards for biofuels by sourcing palm oil from older plantations, commonly ones for which rainforest was destroyed before 2008. However, it cannot guarantee that all of its crude palm oil is free of effects from more recent or ongoing deforestation.[80] Greenpeace has issued[81] similar concerns about Neste's palm oil usage after an investigation by MapHubs showed that Neste's supply chain for palm oil includes Indonesian palm mills creating the most orangutan habitat loss.[82][83]

Neste has been a target of sustained attacks, including publicity campaigns.[84] In January 2011, Neste won the Public Eye Awards.[85] Neste also attempted to shut down a parody website launched by Greenpeace;[86][87] however, the World Intellectual Property Organization rejected the trademark-based complaint, since the page is noncommercial, gives no economical benefit, is not misleading, and follows the guidelines of freedom of speech.[88]

Used Cooking Oil

In November 2022, it was announced Neste had acquired the used cooking oil (UCO) collection and aggregation business and related assets in the US from Crimson Renewable Energy Holdings, LLC. The transaction includes shares in SeQuential Environmental Services LLC, and Pure LLC, as well as a UCO processing plant in Salem, Oregon.[89]

See also

Neste Journey to Zero Stories

  • 3 things you need to know about chemically recycled plastics
  • Future of aviation, COVID-19 and the promise of sustainability
  • Fighting transport poverty – how societies can increase social mobility

References

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  74. ^ "Neljä suomalaisyritystä mukaan Dow Jonesin kestävän kehityksen indeksiin". Yle Uutiset (in Finnish). 9 September 2016. Retrieved 30 November 2020.
  75. ^ "Tunnustukset ja arvioinnit". Neste (in Finnish). 22 May 2020. Retrieved 30 November 2020.
  76. ^ a b Lähteenmäki, Pekka. "Neste myy yhtä tuotetta monessa maassa, mutta sen lupaukset päästövähennyksistä vaihtelevat markkinoittain" [Neste sells one product in many countries, but its promises of emission reductions vary from market to market]. Talouselämä (in Finnish). Retrieved 30 November 2020.
  77. ^ "Greenpeace vaati palmuöljypannaa Neste Oilin yhtiökokouksessa" [Greenpeace demanded a palm oil ban at Neste Oil's Annual General Meeting]. MTV Uutiset (in Finnish). 3 April 2009. Retrieved 30 November 2020.
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  79. ^ a b c "Neste publishes updated info about crude palm oil suppliers; feedstock for renewable diesel". Green Car Congress. 5 April 2017. Retrieved 3 December 2020.
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  81. ^ "It might be called #biofuel but it still contains #deforestation . Despite of all the nice #sustainability and #csr claims, Finnish Neste is one of the largest palmoil buyers, contributing to habitat loss and climate change". Greenpeace. 2 September 2019. from the original on 11 September 2019. Retrieved 20 September 2019.
  82. ^ Bell, Loren (17 July 2019). "Orangutan habitats being cleared in areas near palm oil mills, report finds". Mongabay. from the original on 26 July 2019. Retrieved 20 September 2019.
  83. ^ "Orangutan Habitat Loss and Palm Mills in Indonesia: Our first Intelligence Report". MapHubs. 18 June 2019. from the original on 18 June 2019. Retrieved 20 September 2019.
  84. ^ "Tribune de Genève, l'actualité en direct, en photos et vidéos : politique, sports, people, culture, économie, média". tdg.ch. 13 April 2011.
  85. ^ Neste Oil wins a less than flattering award in Davos. hs.fi January 2011
  86. ^ Greenpeace parodiasivu suututti Neste Oilin, Nesteen mielestä Nestespoil-sivu loukkaa sen tavaramerkkiä, Greenpeace taas pitää sivun sulkemisyrityksiä sensuurina HS 22 May 2012 B10
  87. ^ Neste ei siedä kritiikkisivustoa, Greenpeacen Nestespoil.com yritetään sulkea 25 May 2012 at the Wayback Machine Tietokone 22 May 2012
  88. ^ Greenpeace saa käyttää Nestespoil-verkkotunnusta HS 7 August 2012 C1 (in Finnish)
  89. ^ "Neste to acquire used cooking oil business from Crimson Renewable Energy". Hydrocarbon Engineering. 18 November 2022. Retrieved 18 November 2022.

External links

 
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December 26, 2022
neste, other, uses, disambiguation, confused, with, nestlé, international, name, corporation, former, names, corporation, fortum, refining, marketing, company, located, espoo, finland, produces, refines, markets, products, provides, engineering, services, lice. For other uses see Neste disambiguation Not to be confused with Nestle Neste Oyj international name Neste Corporation former names Neste Oil Corporation and Fortum Oil and Gas Oy is an oil refining and marketing company located in Espoo Finland It produces refines and markets oil products provides engineering services and licenses production technologies Neste has operations in 14 countries 2 Neste OyjNeste headquarters in Espoo TypeJulkinen osakeyhtioTraded asNasdaq Helsinki NESTEIndustryOil and gas industryFounded1948 74 years ago 1948 HeadquartersEspoo FinlandKey peopleMatti Lehmus President and CEO Matti Kahkonen Chairman of the Board ProductsRefined oil productsRenewable fuelsRevenue 15 148 billion 2021 Operating income 2 023 billion 2021 Net income 1 774 million 2021 Total assets 12 417 billion 2021 Total equity 6 985 billion 2021 Number of employees4 872 2021 Websitewww neste comFootnotes references 1 Neste s logo until 1 April 2015 Neste shares are listed on the NASDAQ OMX Helsinki Stock Exchange As of 2022 the Prime Minister s Office of Finland is the largest shareholder in the company owning 35 91 of shares 3 In 2021 Neste was the third largest company in Finland in terms of revenue 4 The name Neste means liquid in Finnish Contents 1 History 1 1 1948 1997 Neste 1 2 1998 2005 Neste as part of Fortum 1 3 2005 2014 Neste Oil 1 4 2015 2019 Neste 1 5 2020 Neste 2 Operations 2 1 Refining 2 2 Service stations 3 Corporate issues 3 1 Shareholding 3 2 Recognition 4 Environmental record 4 1 Climate record 4 2 Palm oil 4 3 Used Cooking Oil 5 See also 6 References 7 External linksHistory Edit1948 1997 Neste Edit Neste was founded in 1948 as the State petrol company of Finland with the purpose to ensure the availability of refined fuels in Finland The company s headquarters was established in Espoo 5 At the time there was no oil industry or related expertise in Finland and the company had to start operations from scratch 6 In 1955 Uolevi Raade became the company s CEO 5 In 1957 the first oil refinery in Finland was built at Naantali using US technology 7 8 6 The Porvoo refinery was built in 1965 in Skoldvik Kilpilahti 7 Originally much of the oil refined was of Soviet origin though North Sea oil was used after the collapse of the USSR 9 In the 1960s and 1970s Neste became the largest company in Finland In addition to oil refining Neste began exploring and producing oil and gas and entered into the chemical industry 6 During the Cold War Finland imported goods from the Soviet Union in order to retain exporting privileges to the country Towards this end Finland imported Russian oil which was refined by Neste 6 In 1971 Neste acquired half of Kesko owned Kesoil 10 In the 1970s Neste s fleet constituted one third of Finland s merchant fleet in terms of its load capacity 1 1 million deadweight tons Neste Shipping s largest tankers were the 114 000 dwt sister vessels Tiiskeri 1969 and Enskeri 1970 and the 259 000 dwt vessels Jaarli Jatuli and Jurmo all of which were built at the beginning of the decade and bought second hand in 1979 11 Because of the operations of Neste the oil crisis of 1973 had little effect in Finland 9 In 1976 Finland s first skyscraper Neste s 83 6 meter tall headquarters was built in Keilaniemi Espoo It was built in Espoo because Helsinki did not issue a building license for such a tall building 12 In 1980 Jaakko Ihamuotila became the CEO 5 Neste started its service station operations in 1983 7 Neste held a legal import monopoly until the market liberalization in the 1990s 9 In 1990 Neste s international oil trade accounted for about half of its turnover and oil refining for a quarter In 1991 the company s turnover stood at 53 025 billion Finnish markka and it employed around 13 685 people 5 After the Soviet Union collapsed in 1991 the supply of oil from the region also dropped and Neste had to find new sources of raw material 6 Neste had built several chemical plants around Europe but as the prices of oil and chemical products plummeted Neste decided to sell off its chemical industry operations 6 In 1991 Neste became the majority owner of Finnoil Kesoil also became a wholly owned subsidiary In 1992 Union service stations became Neste service stations The following year the same happened to Finnoil service stations 13 In 1994 Gasum was established with Gazprom as a minor 25 shareholder In 1994 Neste s polyolefin production was separated into Borealis a joint venture with the Norwegian Statoil In 1998 Neste s 50 stake in Borealis was sold to OMV and IPIC 14 In 1994 Neste began as the main sponsor of a competition previously known as the Finnish Rally and renamed Neste Rally Finland In October 2020 Neste ended its 26 year title sponsorship 15 16 In November 1995 the company was listed on the main list of the Helsinki Stock Exchange 7 1998 2005 Neste as part of Fortum Edit In 1998 Neste merged with the power company Imatran Voima Oy to create Fortum Oyj After the merger the chemical operations of Neste were transferred to the newly established company Neste Chemicals which was sold to the investment firm Industri Kapital for 535 million 17 In 1998 Kesoil service stations also became Neste stations 13 An engineering joint venture Neste Jacobs Oy was established with the American Jacobs Engineering in 2004 18 In May 2004 Fortum Oil and Gas Corporation was split into two the company s oil business was renamed Fortum Oil Corporation and other operations renamed Fortum Heat and Gas Corporation 7 Fortum Oil Corporation was a subsidiary of Fortum Corporation 19 2005 2014 Neste Oil Edit In the spring of 2005 Fortum Oil Corporation was demerged from Fortum becoming the Neste Oil Corporation 19 Neste Oil Corporation was listed on the Helsinki Stock Exchange in June 2005 19 Risto Rinne started as Ihamuotila s successor and CEO 20 A renewable diesel plant using second generation biofuels and NEXBTL technology and located at the Porvoo refinery was brought on stream in 2007 together with a new conventional diesel production line 21 At the same year the entire bus fleet of Helsinki Region Transport switched fully to diesel produced using NEXBTL technology Experiments by Neste VTT Technical Research Centre of Finland and Proventia showed that local emissions decreased significantly after the switch with overal particle emissions decreasing by 30 and nitrogen oxide emissions by 10 with excellent winter performance and no problems with catalytic converters 22 23 A second renewable diesel plant at Porvoo was became operational in 2009 24 In 2007 Neste started a research program on algae but this was discontinued in 2015 In 2019 the research program restarted to investigate the production of aviation fuel from algae and municipal solid waste 25 In 2008 Rinne retired with Matti Lievonen succeeding him as CEO 26 In November 2010 Neste launched the world s largest renewable diesel plant 27 with an annual production capacity of 800 000 tons in Singapore The plant used palm oil and other renewable feedstocks as raw materials Its investment costs were 550 million euros The use of palm oil was criticized by Greenpeace for its environmental impact Neste committed to using only sustainably produced palm oil Neste is a member of the Roundtable on Sustainable Palm Oil RSPO an organization established to promote the use of certified palm oil The organization includes producers environmental organizations and other NGOs as well as large palm oil consumers such as Western energy and consumer product companies 28 In 2011 a plant similar in size to the Singapore plant was launched in Rotterdam Netherlands 29 Its investment costs amounted to 670 million euros 30 Neste and Stora Enso ran a joint venture to research the production of renewable diesel oil from wood biomass through biomass gasification and the Fischer Tropsch process in Varkaus Finland However coming second in a bid for European Investment Bank startup funding led to the cancellation of this project in 2012 31 Neste s self service station chain in Poland was sold to Royal Dutch Shell in April 2013 32 In the same month Neste announced that it had started cooperation with The Forest Trust TFT an organization that focuses on combating deforestation 33 During 2013 Neste abandoned its shipping operations it sold eight vessels five tankers and three tugboats owned by Neste Shipping to a shipping company owned by the National Emergency Supply Agency and Ilmarinen Mutual Pension Insurance Company which began to lease the vessels to Neste The holding company owns the vessels which are operated by a separate ship management company Ensuring supply security was one of Neste s responsibilities However this was at odds with the company s operations in the international market After the change of ownership the vessels continued to employ a Finnish crew and sail under the Finnish flag Neste Oil kept three tankers as well as ships owned on a fifty fifty basis with Swedish company Stena which it intends to sell later These ships were not needed to ensure supply security 34 2015 2019 Neste Edit In 2015 the company s name was changed from Neste Oil back to Neste to emphasize the company s focus on the renewable energy business 35 36 37 In 2016 the Neste Oil chain of service stations also shortened its name The Neste chain included nearly 800 stations in Finland as well as 258 stations in the Baltics and several in the Saint Petersburg region in Russia 37 In 2017 Neste acquired Jacobs Engineering s 40 stake in Neste Jacobs and gained full control of the company After the takeover Neste Jacobs was renamed Neste Engineering Solutions Oy 18 When CEO Lievonen retired in November 2018 he was followed by the Belgian German Peter Vanacker 26 In December Neste announced an investment decision of around 1 4 billion euros in Singapore which would increase its total capacity of renewable products in Singapore by 1 3 tonnes per year It was estimated that the company s total annual production capacity of renewable products would increase to nearly 4 5 million tonnes by 2022 38 In February 2019 Neste reported that as of May it would divide its renewable products business area into three business units and one operating platform namely Renewable Aviation Renewable Polymers and Chemicals Renewable Road Transportation and Renewables Platform responsible for managing and developing the production and supply chain of renewable products 39 In June Neste and LyondellBasell announced the commercial scale production of bio based plastic from renewable materials 40 In July Neste sold its chain of service stations in Russia to Tatneft The deal included a fuel terminal and 75 stations in the Saint Petersburg region 41 In 2019 Neste was the largest corporate taxpayer in Finland 42 2020 Neste Edit In March 2020 Neste made an investment in the German Sunfire company which develops high temperature electrolysis technology 43 In September Neste sold its 49 99 stake in Nynas AB to Bitumina Industries 44 Also in September Neste started cooperation negotiations concerning the closure of the Naantali refinery because of the decreasing global demand for fossil fuels and the simultaneously increasing overcapacity 45 The refinery was planned to close by the end of March 2021 46 The company s aim was to keep its terminal and port operations in Naantali and focus refinery operations in Porvoo 8 In October Neste Covestro and Borealis started a cooperation for production of polycarbonate plastics As part of the cooperation Neste produces hydrocarbons from renewable raw materials as a feedstock to manufacture phenol by Borealis Phenol is used by Covestro to produce polycarbonate plastics which would primarily be used for car headlights and window coatings 47 48 In December 2021 CEO Vanacker resigned to become the CEO of LyondellBasell 49 In March 2022 Neste and US based Marathon Petroleum announced they would form a joint venture in which each will hold half of the shares The companies planned to invest a total of around 1 800 million euros in upgrading Marathon s refinery in Martinez California From the end of the year 2022 the refinery was expected to produce around 2 1 million tonnes of renewable diesel per year 50 Vanacker continued in his role until April In May he was followed by Matti Lehmus who had joined Neste in 1998 and been a member of the executive committee since 2009 51 Operations EditNeste s operations are divided into marketing and services oil products renewable aviation renewable polymers and chemicals and renewable road transportation units as well as managing an operating platform 52 Refining Edit Neste s Porvoo refinery In 2022 Neste operated conventional oil refineries at Porvoo in Finland and renewable diesel refineries in Porvoo Singapore and Rotterdam Netherlands 53 In 2015 two renewable diesel production lines in Porvoo produced 0 525 million metric tonnes of renewable diesel which was approximately one fifth of the diesel consumption of Finland 54 55 56 Neste s production facility in Singapore is the largest renewable diesel refinery in the world with an annual capacity of 1 1 million metric tonnes 57 A planned new production line is expected to increase its capacity by one million tonnes in 2022 57 Neste s refinery feedstock includes of crude oil and renewable raw materials such as used cooking fat waste animal and fish fat from the food industry 45 waste and residues from vegetable oil production technical corn oil palm oil rapeseed oil and soybean oil 58 About 80 of renewable feedstock is waste and residue fats and oils 59 Neste also researches the use of community waste algae lignocellulose 45 and liquefied waste plastic as feedstock 59 In 2019 most of the crude oil used by Neste came from Russia 58 Neste produces gasolines diesel aviation and marine fuels light and heavy fuel oils base oils gasoline components special fuels and solvents 60 61 LPGs carbon dioxide and sulfur are sold as by products Neste s products include dozens of types of gasoline and more than a hundred end products 62 In 2017 Neste was the world s largest producer of renewable diesel producing 2 6 million tonnes per year 63 Neste has developed the proprietary NEXBTL technology for the production of renewable fuels 38 Renewable diesel is a hydrodeoxygenated paraffinic fuel which can be used in conventional diesel engines without engine modifications 64 Neste s sustainable aviation fuel is a drop in fuel which can be mixed with kerosene to produce a mixture that contains at least 50 kerosene 65 Among others it is used by Lufthansa and the Swedish Air BP 65 In 2019 Neste produced about 100 000 tonnes of sustainable aviation fuel 65 and plans to produce around 1 5 million tonnes per year by 2023 66 Service stations Edit Neste owns a chain of service stations which is the largest in Finland 67 In 2020 Neste had station chains consisting of more than 800 traffic and automatic stations in Finland Estonia Latvia and Lithuania Its service station chain in Finland includes several networks of stations Neste Neste K unmanned Neste Express stations and the Neste Truck stations for heavy duty vehicles 68 69 Corporate issues EditShareholding Edit As of 31 May 2022 the five largest shareholders of Neste were 3 Prime Minister s Office 35 91 Ilmastorahasto Oy 8 31 Varma Mutual Pension Insurance Company 1 34 Ilmarinen Mutual Pension Insurance Company 1 28 Kela the Social Insurance Institution of Finland 1 03 Recognition Edit Neste was ranked Finland s most respected service station brand in a survey of Finnish brands carried out by Taloustutkimus and Markkinointi amp Mainonta in Summer 2013 70 In February 2014 Talouselama magazine named Neste s NEXBTL renewable diesel as the most groundbreaking Finnish business innovation of the new millennium 71 Neste was ranked the second most sustainable company in the world on the 2018 72 Global 100 index ranking by Corporate Knights a financial information company In 2019 and 2020 Neste was selected as the third most sustainable company and in 2021 as the fourth most sustainable company in the world in the same index 73 In October 2019 the consulting company Innosight listed Neste as one of the companies that made the most positive changes in their operations 58 Between 2007 and 2019 Neste has been listed in the Dow Jones Sustainability Index DSJI which ranks the world s technology companies in terms of their sustainability efforts 74 75 Environmental record EditClimate record Edit Neste has a target to make its production carbon neutral by 2035 8 Palm oil Edit Neste has been criticized for using palm oil and palm fatty acid distillate a by product of physical refining of crude palm oil products as a part of its feedstock for renewable products 59 76 Critics include of WWF 76 Greenpeace 77 Biofuelwatch 59 and Milieudefensie 78 among others Neste consumes 1 2 of the world s total palm oil production 59 In 2016 less than 20 of renewable raw materials used by Neste was crude palm oil 79 Crude palm oil used by the company has been traceable to the oil palm plantation level since 2007 and has been 100 certified since 2013 79 However certification does not apply to palm fatty acid distillate 59 Since 2016 Neste has published information about all its crude palm oil suppliers on its website 79 In 2018 Biofuelwatch stated in their annual report that Neste meets EU sustainability standards for biofuels by sourcing palm oil from older plantations commonly ones for which rainforest was destroyed before 2008 However it cannot guarantee that all of its crude palm oil is free of effects from more recent or ongoing deforestation 80 Greenpeace has issued 81 similar concerns about Neste s palm oil usage after an investigation by MapHubs showed that Neste s supply chain for palm oil includes Indonesian palm mills creating the most orangutan habitat loss 82 83 Neste has been a target of sustained attacks including publicity campaigns 84 In January 2011 Neste won the Public Eye Awards 85 Neste also attempted to shut down a parody website launched by Greenpeace 86 87 however the World Intellectual Property Organization rejected the trademark based complaint since the page is noncommercial gives no economical benefit is not misleading and follows the guidelines of freedom of speech 88 Used Cooking Oil Edit In November 2022 it was announced Neste had acquired the used cooking oil UCO collection and aggregation business and related assets in the US from Crimson Renewable Energy Holdings LLC The transaction includes shares in SeQuential Environmental Services LLC and Pure LLC as well as a UCO processing plant in Salem Oregon 89 See also Edit Finland portal Energy portal Energy in Finland List of petroleum companies Social and environmental impact of palm oilNeste Journey to Zero Stories 3 things you need to know about chemically recycled plastics Future of aviation COVID 19 and the promise of sustainability Fighting transport poverty how societies can increase social mobilityReferences Edit Neste Annual Report 2021 PDF Neste Corporation Retrieved 16 June 2022 Neste to lead its renewable polymers and chemicals business from Germany Bioenergy International 7 October 2019 Retrieved 19 November 2020 a b Shareholders Neste 31 May 2022 Retrieved 16 June 2022 Talouselama TE500 Talouselama in Finnish Retrieved 16 June 2022 a b c d Weilin Goosin tietosanakirja 3 Neste Oy Weilin Goos 1993 p 1316 a b c d e f Aikajana Nesteen vuodet Timeline Neste s years Helsingin Sanomat in Finnish 26 March 2016 Retrieved 19 November 2020 a b c d e Neste Oyj vanha Osakehistoria www porssitieto fi Retrieved 23 November 2020 a b c Yle seuraa Neste harkitsee Naantalin jalostamon sulkemista koska fossiilisten oljytuotteiden kysynta laskee ja kilpailukyky ei riita Yle Uutiset in Finnish Retrieved 23 November 2020 a b c Oljyn pyorteissa Nesteen tarina In the Swirls of Oil The Story of Neste Frack Media in Finnish 3 November 2015 Archived from the original on 3 November 2015 Retrieved 19 November 2020 Kesoil huoltamot muuttuvat ensi Helsingin Sanomat in Finnish 19 November 1997 Retrieved 23 November 2020 Jaarlin Jatulin ja Jurmon ansiosta Neste kuljettaa 80 pros oljysta Helsingin Sanomat 7 August 1979 Retrieved 23 November 2020 Tormanen Eeva Keilaniemeen nousi vuonna 1976 ensimmainen suomalainen pilvenpiirtaja Tekniikkatalous in Finnish Retrieved 23 November 2020 a b Kesoil huoltamot muuttuvat ensi Helsingin Sanomat in Finnish 19 November 1997 Retrieved 23 November 2020 Neste to complete Borealis sale by end Feb ICIS 9 January 1998 Retrieved 25 January 2012 Suomen MM ralli joutuu vaihtamaan nimensa paasponsori Neste teki kovan paatoksen Ilta Sanomat in Finnish 15 October 2020 Retrieved 23 November 2020 Neste Rallissa isoimmat yllatysnimet Hayden Paddon ja Craig Breen Yle Uutiset in Finnish Retrieved 23 November 2020 Alvarado Vladimir 1999 Neste Chemicals will go it alone Chem Eng News American Chemical Society 42 77 15 doi 10 1021 cen v077n042 p015 a b Page Bailey Mary 30 November 2017 Neste Jacobs to be renamed Neste Engineering Solutions Chemical Engineering Retrieved 23 September 2019 a b c Fortumin omistajat saavat kevaan jakautumisessa Neste Oilin osakkeita ts fi in Finnish 11 March 2005 Retrieved 30 November 2020 Rapeli Katja Neste Oilin toimitusjohtaja vaihtuu Arvopaperi in Finnish Retrieved 30 November 2020 Neste Oil Launches NExBTL Plant New Diesel Line at Porvoo Refinery Green Car Congress 31 May 2007 Retrieved 3 December 2020 Biofuel reduces local emissions efficiently hsl fi 2011 Neste Oil working for better urban air quality cleantechfinland com Archived from the original on 12 December 2010 Retrieved 28 December 2010 Neste Oil s Second Renewable Diesel Plant Commissioned at Porvoo Green Car Congress 29 July 2009 Retrieved 3 December 2020 Setala Niina 8 February 2020 Neste kiinnostui uudestaan levan tutkimisesta mahdollinen lentopolttoaineiden raaka aine Neste is again interested in algae research a possible raw material for aviation fuels Tekniikka amp Talous in Finnish Retrieved 30 November 2020 a b Neste saa uuden toimitusjohtajan Lievonen jaa elakkeelle Ilta Sanomat in Finnish 9 February 2018 Retrieved 30 November 2020 Neste Oil Biodiesel Plant Chemicals Technology 8 March 2011 Retrieved 23 September 2019 Singaporen talouskehitysyhtio Neste Oililla on vastuu palmuoljysta Helsingin Sanomat in Finnish 16 January 2008 Retrieved 30 November 2020 Neste rakentaa biodiesellaitoksen Rotterdamiin Yle Uutiset in Finnish Retrieved 30 November 2020 Rapeli Katja 13 June 2008 Neste Oil rakentaa biodiesel tehtaan Hollantiin Neste Oil builds a biodiesel plant in the Netherlands Arvopaperi in Finnish Retrieved 30 November 2020 Neste Oil and Stora Enso to end their biodiesel project and continue cooperation on other bio products nesteoil com 17 August 2012 Archived from the original on 24 October 2012 Retrieved 1 June 2016 Stacje Neste na dobre znikaja z Polski Zastapi je Shell juz w tym tygodniu gazetapl in Polish Retrieved 30 November 2020 Biodiesel Magazine The Latest News and Data About Biodiesel Production www biodieselmagazine com Retrieved 30 November 2020 Neste Oil luopuu laivoistaan Helsingin Sanomat in Finnish 20 September 2013 Retrieved 30 November 2020 Leppanen Timo Merkilliset nimet Tarinoita yritysten ja tuotteiden nimista SKS 2016 Neste Oil aikoo palauttaa vanhan nimensa Ilta Sanomat in Finnish 4 February 2015 Retrieved 30 November 2020 a b Neste Oil muuttuu Nesteeksi Keskisuomalainen in Finnish 29 March 2016 Retrieved 30 November 2020 a b Mustonen Antti Neste tekee hurjan investoinnin Singaporeen perati 1 4 miljardia euroa uusiutuviin polttoaineisiin Tekniikka amp Talous in Finnish Retrieved 30 November 2020 Neste jakaa uusiutuvat tuotteet kolmeen liiketoimintayksikkoon Ilta Sanomat in Finnish 19 February 2019 Retrieved 30 November 2020 Walker Tom 18 June 2019 Neste and LyondellBasell announce commercial scale production of bio based plastic from renewable materials British Plastic and Rubber Magazine Retrieved 2 December 2020 Neste myy Venajan huoltoasemansa Tafneft yhtiolle kotimainen ketju on ollut suomalaistankkaajien suosiossa Venajalla Yle Uutiset in Finnish Retrieved 30 November 2020 Neste nousi yrityksista ylivoimaisesti suurimmaksi veronmaksajaksi Helsingin Sanomat in Finnish 3 November 2020 Retrieved 30 November 2020 Laatikainen Tuula Uusiutuva vety panee energiamarkkinat uuteen jakoon myos Neste Wartsila ja SSAB mukana tasta on kyse Renewable hydrogen redistributes the energy market including for Neste Wartsila and SSAB this is what it is about Tekniikka amp Talous in Finnish Retrieved 30 November 2020 Lehtinen Jukka Neste myy Nynasin osakkeensa Neste sells shares of Nynas Kauppalehti in Finnish Retrieved 30 November 2020 a b c Tuominen Jyri Maailman oljyjatit rynnivat nyt porssitahti Nesteen apajille Toimitusjohtaja Peter Vanacker kertoo miksi han ei ole huolissaan Arvopaperi in Finnish Retrieved 30 November 2020 Woodroof Nicholas 30 November 2020 Neste to end refining operations at Naantali Hydrocarbon Engineering Retrieved 2 December 2020 Nolan Grace 21 October 2020 Covestro receives supply of 1 000 tons of renewable phenol from Borealis British Plastic and Rubber Magazine Retrieved 2 December 2020 Virtanen Sofia Kolmen yhtion yhteistyon tulos Nesteen uusiutuvista hiilivedyista valmistui 1 000 tonnia fenolia jota kaytetaan nyt polykarbonaattimuovien valmistukseen The result of the cooperation between the three companies 1 000 tonnes of phenol were produced from Neste s renewable hydrocarbons which are now used in the production of polycarbonate plastics Kauppalehti in Finnish Retrieved 30 November 2020 Nimitykset Nesteen jattava Peter Vanacker siirtyy Lyondell Basellin toimitusjohtajaksi Helsingin Sanomat in Finnish 13 December 2021 Retrieved 16 June 2022 Investoinnit Sijoittajat riemastuivat Nesteen miljardi investoinnista Yhdysvaltoihin osake 15 prosentin nousussa Helsingin Sanomat in Finnish 2 March 2022 Retrieved 16 June 2022 Nesteen uudeksi toimitusjohtajaksi Matti Lehmus Yle Uutiset in Finnish 23 March 2022 Retrieved 16 June 2022 Business Neste worldwide 18 May 2020 Retrieved 30 November 2020 Tuotanto Neste in Finnish 28 May 2020 Retrieved 16 June 2022 Corporate info nesteoil com 25 February 2015 Retrieved 1 June 2016 Biodieselhankkeet kaynnistavat Suomessa valtavan risusavotan Biodiesel projects are launching a huge branch of debris in Finland Helsingin Sanomat in Finnish 15 December 2006 Retrieved 1 June 2016 Neste Oil s second renewable diesel plant commissioned at Porvoo nesteoil com 29 July 2009 Archived from the original on 27 November 2010 Retrieved 1 June 2016 a b Woo Jacqueline 14 December 2017 Singapore wins race to house new renewable diesel plant of energy giant Neste Business Times Retrieved 19 August 2018 a b c Nesteella on kasissaan kultakaivos jonka vuoksi yhtio yrittaa nyt kahmia itselleen Kiinan ravintoloiden paistorasvat Neste has a gold mine in its hands which is why the company is now trying to grab the frying fats of Chinese restaurants Helsingin Sanomat in Finnish 9 November 2019 Retrieved 30 November 2020 a b c d e f Neste rejects NGO claim that its renewable aviation fuel includes palm oil GreenAir 30 January 2019 Retrieved 3 December 2020 Production Neste 27 April 2020 Retrieved 2 December 2020 Vaihtoehtoiset polttoaineet raskaassa liikenteessa missa mennaan Alternative fuels for heavy transport where to go Moottori in Finnish Retrieved 30 November 2020 Tervola Janne Pura ja kasaa Disassemble and stack Tekniikka amp Talous in Finnish Retrieved 30 November 2020 Heima Timo Pekka 7 February 2018 Uusiutuva diesel siivitti Nesteen ennatystulokseen Renewable diesel propelled Neste to a record result Yle Uutiset in Finnish Retrieved 30 November 2020 Renewable raw material procurement Retrieved 1 June 2016 a b c Neste kaavailee uusiutuvalle lentopolttoaineelleen isoa roolia yhtio aikoo kymmenkertaistaa sen tuotannon Neste plans to play a big role in renewable aviation fuel sector the company plans to increase its production tenfold Helsingin Sanomat in Finnish 12 October 2019 Retrieved 30 November 2020 Lehtinen Jukka 23 September 2020 Neste ja Shell alkavat lisaamaan uusiutuvan lentopolttoaineen tarjontaa Neste and Shell startg to increase their supply of renewable aviation fuel Arvopaperi in Finnish Retrieved 30 November 2020 4 1 Service stations Finnish Petroleum and Biofuels Association Archived from the original on 25 June 2018 Retrieved 1 June 2016 Neste asemat Maailman suurin suomalainen asemaverkosto Neste in Finnish 21 December 2015 Retrieved 30 November 2020 Neste maps Neste in Finnish Retrieved 30 November 2020 Neste Oil kiilasi ABC n ohi Markkinointi amp Mainonta Marmai fi Retrieved on 9 July 2016 Talouselama Talouselama valitsi 2000 luvun mullistavin bisnesinnovaatio on Talouselama in Finnish Retrieved 30 November 2020 Hajuton ja nayttaa vedelta tiedatko mista kuvan diesel on valmistettu www iltalehti fi in Finnish Retrieved 30 November 2020 Neste ranked as the world s 4th most sustainable company Bioenergy International 26 January 2021 Retrieved 7 July 2021 Nelja suomalaisyritysta mukaan Dow Jonesin kestavan kehityksen indeksiin Yle Uutiset in Finnish 9 September 2016 Retrieved 30 November 2020 Tunnustukset ja arvioinnit Neste in Finnish 22 May 2020 Retrieved 30 November 2020 a b Lahteenmaki Pekka Neste myy yhta tuotetta monessa maassa mutta sen lupaukset paastovahennyksista vaihtelevat markkinoittain Neste sells one product in many countries but its promises of emission reductions vary from market to market Talouselama in Finnish Retrieved 30 November 2020 Greenpeace vaati palmuoljypannaa Neste Oilin yhtiokokouksessa Greenpeace demanded a palm oil ban at Neste Oil s Annual General Meeting MTV Uutiset in Finnish 3 April 2009 Retrieved 30 November 2020 Upton Luke 18 November 2020 Neste responds to allegations on sustainability violations from its materials suppliers Biomarket Insight Retrieved 3 December 2020 a b c Neste publishes updated info about crude palm oil suppliers feedstock for renewable diesel Green Car Congress 5 April 2017 Retrieved 3 December 2020 Neste The Finnish company preparing to put palm oil in aircraft fuel tanks PDF Biofuelwatch 9 January 2019 Archived PDF from the original on 20 September 2019 Retrieved 20 September 2019 It might be called biofuel but it still contains deforestation Despite of all the nice sustainability and csr claims Finnish Neste is one of the largest palmoil buyers contributing to habitat loss and climate change Greenpeace 2 September 2019 Archived from the original on 11 September 2019 Retrieved 20 September 2019 Bell Loren 17 July 2019 Orangutan habitats being cleared in areas near palm oil mills report finds Mongabay Archived from the original on 26 July 2019 Retrieved 20 September 2019 Orangutan Habitat Loss and Palm Mills in Indonesia Our first Intelligence Report MapHubs 18 June 2019 Archived from the original on 18 June 2019 Retrieved 20 September 2019 Tribune de Geneve l actualite en direct en photos et videos politique sports people culture economie media tdg ch 13 April 2011 Neste Oil wins a less than flattering award in Davos hs fi January 2011 Greenpeace parodiasivu suututti Neste Oilin Nesteen mielesta Nestespoil sivu loukkaa sen tavaramerkkia Greenpeace taas pitaa sivun sulkemisyrityksia sensuurina HS 22 May 2012 B10 Neste ei sieda kritiikkisivustoa Greenpeacen Nestespoil com yritetaan sulkea Archived 25 May 2012 at the Wayback Machine Tietokone 22 May 2012 Greenpeace saa kayttaa Nestespoil verkkotunnusta HS 7 August 2012 C1 in Finnish Neste to acquire used cooking oil business from Crimson Renewable Energy Hydrocarbon Engineering 18 November 2022 Retrieved 18 November 2022 External links Edit Wikinews has related news Neste Oil to build world s largest biodiesel plant in Singapore Media related to Neste at Wikimedia Commons Official website Retrieved from https en wikipedia org w index php title Neste amp oldid 1128238982, wikipedia, wiki, book, books, library,

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