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(Page 1) Neste Corp. (Espoo, Finland) has concluded a thorough study phase concerning the two possible locations for its announced production site for renewable
On November 3, 2020, Neste announced that it would acquire Bunge Loders Croklaan's refinery plant in Rotterdam, the Netherlands. The refinery plant is located next to Neste’s existing biorefinery and it consists of a pretreatment facility, tank farm, jetties and has a pipeline connection to Neste’s site. Bunge Loders Croklaan Rotterdam refinery plant (Neste) The acquisition has been approved by regulatory authorities, and the transaction was completed on March 1, 2021. The transition of operations and employees will be implemented in phases with the refinery plant’s full and mod...
16 Februar 2021 Neste’s renewable products helped customers to reduce greenhouse gas emissions globally by 10 million tons in 2020 The amount equals the annual carbon footprint of 1.5 million average EU citizens In 2020, Neste’s renewable products helped customers in several geographic markets to reduce greenhouse gas emissions by 10.0 million tons* altogether. This amount equals the annual carbon footprint of 1.5 million average EU citizens (source: World Bank) or the removal of 3.7 million passenger cars from the roads for a full year. “We are committed to help customers reduce greenh...
Blog Blog Blog Blog 10 Feb, 2021 Author Camilla Naschert Finnair is pioneering the use of sustainable aviation fuel, made in a process using hydrogen. Growth in demand for the biofuel creates opportunities for utilities developing green hydrogen solutions for biorefiners. Source: Finnair Rising demand for cleaner fuels across Europe's roads and skies is opening market opportunities for utilities and renewables developers eyeing a stake in the green hydrogen economy. In France, utility Engie SA recently announced the country's largest production uni...
Year 2020 in brief: Comparable operating profit totaled EUR 1,416 million (EUR 1,962 million, including EUR 142 million contribution from a retroactive US Blender’s Tax Credit decision for 2018) Operating profit totaled EUR 828 million (EUR 2,229 million) Cash flow before financing activities totaled EUR 1,019 million (EUR 1,154 million) Return on average capital employed (ROACE) was 17.3% over the last 12 months (26.6%) Leverage ratio was -4.7% at the end of December (31 Dec 2019: -3.3%) Comparable earnings per share were EUR 1.60 (EUR 2.04) Earnings per share: EUR 0.93 (EUR 2.33) Board of...