- CEO
- Heikki Malinen
- Full Time Employees
- 5,408
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Address
- Keilaranta Espoo Finland 00095
- IPO Date
- Mar 14, 2012
- Business
- Neste Oyj is a Finnish oil refining and marketing company specializing in renewable diesel, sustainable aviation fuel (SAF), and renewable and recycled feedstock for polymers and chemicals. The company produces, refines, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock derived from waste, residues, and novel vegetable oils at its refineries in Finland, the Netherlands, and Singapore, with joint operations in the United States. It serves a broad range of customers including transport service providers, aviation, shipping, industrial and agricultural sectors, municipalities, and retail consumers through its network of service stations primarily in Finland and the Baltic countries. Founded in 1948 and headquartered in Espoo, Finland, Neste operates globally across the Nordic countries, Baltic Rim, Europe, the Americas, and internationally.
In recent developments, Neste is executing a strategic growth investment centered on expanding its sustainable aviation fuel production capacity, notably through the Rotterdam refinery expansion set for completion by 2027, which will position it as the world’s largest SAF producer capable of meeting the entire ReFuelEU aviation mandate. The company is also implementing a EUR 350 million cost improvement program to enhance operational efficiency and maintain a strong balance sheet while navigating market volatility and regulatory uncertainties. Neste continues to strengthen strategic partnerships, notably expanding its sustainable fuel supply agreements with global logistics companies such as United Airlines, DHL, Amazon, and FedEx. For 2025, Neste expects increased sales volumes in both its Renewable Products and Oil Products segments and is focused on resetting its cost structure to drive profitability and competitiveness in its key markets.
Neste’s business segments include Renewable Products, Oil Products, Marketing & Services, and Others, with its Renewable Products segment being the largest growth driver. The company’s product portfolio comprises renewable diesel, sustainable aviation fuel, renewable and recycled feedstock for bioplastics and chemicals, and conventional oil products including lower-emission fuels. Neste also offers digital solutions and electric vehicle charging services. It operates in 14 countries and is recognized as a global pioneer in renewable fuel technologies, continuously developing new co-processing technologies supported by EU innovation funding.
Overall, Neste integrates sustainable energy solutions with conventional oil refining, targeting heavy transport, aviation, and industrial sectors worldwide, leveraging an extensive refining and marketing infrastructure and commitment to regulatory compliance and environmental sustainability. Its strategic focus through 2025 and beyond is on expanding renewable fuel production capacities, optimizing operational efficiency, and securing a leading market position in renewable energy solutions globally.