Neste's asset
Neste

@neste.com

Neste is the world's largest producer of renewable diesel and renewable jet fuel refined from waste and residues, introducing renewable solutions also to the polymers and chemicals industries.

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About

Description

Neste is a Finnish multinational oil refining and marketing company that is also active in the renewable energy sector. Its operations in the United States primarily focus on renewable fuels and products derived from renewable resources. Founded in 1948, Neste has evolved from a regional oil refining company into a global leader in renewable energy solutions.


Its headquarters is located in Espoo, Finland. Neste's U. S.


Neste offers a wide range of products and services in the United States. The company is known for its renewable diesel, which is made from 100% renewable raw materials and reduces greenhouse gas emissions significantly compared to conventional diesel fuel. Neste also produces renewable jet fuel, renewable chemicals, and works on developing new renewable solutions.


On a global scale, Neste operates in over 20 countries and has a network of subsidiaries, joint ventures, and partnerships. Notable subsidiaries include Neste US Inc., Neste Oil USA Inc., and Neste Canada Inc. The company has also established joint ventures with various partners, including Bunge Loders Croklaan, Air BP, and LyondellBasell.


Neste holds a strong market position in the global renewable fuels industry. It has experienced significant growth in recent years and has become the world's largest producer of renewable diesel. The company's products are highly valued for their sustainability and reduced carbon footprint.


In terms of sales, Neste generated over €15 billion in revenue in 2020, with the United States being one of its key markets. The company faces competition from other players in the renewable energy sector, such as Renewable Energy Group and TerraVia Holdings. In recent years, Neste has made notable achievements and advancements in its growth strategy.


The company has expanded its production capacity, opened new research and development facilities, and formed strategic partnerships to further develop its renewable solutions. It has also received awards and recognition for its sustainability efforts and commitment to reducing carbon emissions. As of the latest available information, Neste continues to focus on promoting a sustainable future by investing in renewable technologies and expanding its presence in the United States and globally.


The company remains at the forefront of the renewable energy sector, driving innovation and providing sustainable solutions to help combat climate change

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Company Type

Public Company

Company Size

5001-10,000

Year Founded

1948

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