Neste Corporation
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Heikki Pekka Mikael Malinen
- Full Time Employees
- 4,848
- Sector
- Energy minerals
- Industry
- Oil refining/Marketing
- Address
- Keilaranta Espoo UU Finland 00095
- IPO Date
- Apr 15, 2005
- Website
- neste.com
- Similar Companies
- Business
- Neste Oyj (NESTE.HE) is a Finnish multinational energy company focused on refining and marketing renewable and oil products. Founded in 1948 and headquartered in Espoo, Finland, the company operates through segments including Renewable Products, Oil Products, Marketing & Services, and Others, with production facilities in Finland (Porvoo), the Netherlands (Rotterdam), Singapore, and presence in 14 countries across Europe, North America, Asia, and other regions. Neste produces and markets renewable diesel, sustainable aviation fuel (SAF), renewable and recycled feedstocks for plastics and chemicals; oil products such as gasoline, diesel, aviation and marine fuels, light and heavy fuel oils, base oils, gasoline components, special fuels, solvents, liquefied petroleum gases (LPG), bitumen; and lower-emission fuels alongside digital solutions and EV charging services for business-to-business customers, retailers, distributors, petrochemical firms, transport providers, aviation, shipping, industrial, agricultural, and municipal clients. The company licenses proprietary technologies like NEXBTL for renewable fuels and serves as the world's leading producer of SAF and renewable diesel. In recent developments, Neste issued a €700 million green bond in Q1 2025 to fund expansion of its Rotterdam refinery into a 1.5 million-ton SAF capacity facility, aligning with Europe's ReFuelEU mandate, and refinanced a €1.3 billion credit facility while planning €1.2 billion in capital expenditures for 2025. The company acquired a used cooking oil collection business from Crimson Renewable Energy Holdings in the U.S., including shares in SeQuential Environmental Services and a processing plant in Oregon, and completed the sale of its NAPCON digital technology portfolio to Lummus Technology in June 2025. Additional initiatives include launching a performance improvement program in early 2025 with targeted capital expenditures of €2.4 billion through 2026, receiving EU Innovation Fund support in November 2025 for new co-processing technology development, and strengthening partnerships such as with DHL for renewable solutions.
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