Oil Products
The high quality of our products and our ability to solve our customer's challenges are the forces that guide our operations. We continuously develop our products and related services to enable us to be the best possible partner for our customers.
Our aim is to increase the share of middle distillates and other products with high added value in our product portfolio, as their market is growing. We also want to grow profitably on the global base oil market.
Our oil products are refined in Finland, Porvoo and Naantali plants. Base oils are also produced by our joint venture production plant in Bahrain. Our oil refining capacity is ca.15 million t/a.
Customers and products
We focus on fuel solution sales and special products. We are the world's only oil company whose product portfolio also includes self-produced premium-quality renewable fuels. In addition to our extensive product portfolio and high product quality, our customers benefit from flexible logistics solutions.
Our customers are mainly other oil companies and companies that market oil, fuels, lubricants and other special products.
Our extensive product range includes:
- Diesel fuels
- Gasoline
- Aviation and marine fuels
- Light and heavy fuel oils
- Base oils
- Gasoline components
- Special fuels, such as small-engine gasoline (alkylate gasoline)
- Solvents
- Liquid gases
- Bitumens
Raw materials
Our process competence ensures that we are able to utilize diverse crude oils in production without compromising the quality of the final product. Most of the crude oil used by Neste is currently sourced from Russia. Russian crude has had a lower price than North Sea Brent Blend, for example, and the same is true regarding it transportation.
Markets
For additional information concerning the development of the oil market, see the Investors section.