Page 14 - Peter Vanacker News Today

Neste released third quarter financial results on Oct. 27, reporting that the company’s renewable products segment achieved high sales volumes and maintained healthy sales margins despite tight feedstock markets.

Although many firms are beginning to recover from the Covid crisis, there are still many challenges facing the Finnish economy.

Sustainable fuel is produced by Neste from used cooking oil and will reduce CO2 emissions by up to 80 % compared to fossil kerosene.  KLM Royal Dutch | Airline News | eTurboNews | Trends | Travel News

ADVERTISEMENT Neste released financial results for the first half of 2021 on July 27, reporting solid performance for its renewable products segment. Demand for renewable diesel was robust, but feedstock markets were tight, the company reported. Peter Vanacker, president and CEO of Neste, said that the company’s renewable products business segment continued to be resilient during the first half of the year and was able to maintain a healthy sales margin. Neste’s renewable products segment p...

1/3 Kaisa Hietala, a Finnish energy industry professional and new board member of Exxon Mobil, poses for a photograph in Helsinki, Finland May 31, 2021. REUTERS/Essi Lehto Read More Exxon Mobils newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business. Tiny hedge fund Engine No. 1 led a shareholder revolt last week to unseat three directors on Exxons (XOM....

(Repeats story to add byline, no change to text)By Essi LehtoHELSINKI, June 3 (Reuters) - Exxon Mobil's newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business.Tiny hedge fund Engine No. 1 led a shareholder revolt last week to unseat

The Finnish company is investing about $230 million (NZ$320 million) to equip its Rotterdam renewables refinery to make more sustainable jet fuel. Combined with an expansion at its Singapore facility, Neste will be able to make 1.5 million tonnes of SAF a year by the end of 2023, up from just 100,000 tonnes now. That compares with 300 million tonnes of fossil fuels used in aviation each year pre-pandemic. Roni Rekomaa/Bloomberg Peter Vanacker, chief executive officer of Neste, at the companys ...

MONEYWEB app instead? As the sustainability of flying comes into focus. By Kati Pohjanpalo, Bloomberg 22 May 2021  00:46  Image: Paul Hanna/Bloomberg The world’s biggest maker of renewable diesel says it’s creating a new market for low-carbon jet fuel as passengers slowly return to the skies. Neste Oyj is betting that sustainable aviation fuel, SAF, will appeal to businesses eager to cut carbon emissions. The company also expects the fuel’s higher price won’t be an ob...

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The world’s biggest maker of renewable diesel says it’s creating a new market for low-carbon jet fuel as passengers slowly return to the skies.