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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 posted a comparable operating profit of EUR 287 million for the second quarter he said, down from EUR...
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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 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 three directors on Exxon's (XOM.N) board and replace them with nominees in the first big boardroom contest at an oil major that ma...