Venturing

Our ambition is to become a global leader in renewable and circular solutions. Accelerating the shift to a circular economy requires innovation, commitment and partnerships. At Neste, we are continuously looking for partnerships with startups to accelerate the fight against climate change.

What we are looking for

Neste Venturing invests in globally scalable renewable and circular solutions for transportation, chemicals, and beyond. We are focusing on scalable, sustainable raw materials and required technologies for their conversion to fuels, polymers and chemicals, and materials. We are also interested in digital solutions as enablers for sustainability transformation in our focus sectors.

The key interest areas of our investments support the development of new businesses for renewable and circular solutions. The development of new businesses at Neste takes place on the business platforms formed around scalable raw material pools, such as:

Lignocellulosics: Forestry and agricultural residues based fuels and chemicals
Algae: Cultivation of carbon dioxide absorbing microalgae
Municipal solid waste: Various fractions of municipal solid waste that currently cannot or are not recycled
Renewable hydrogen and Power-to-X: Combining carbon dioxide with green hydrogen to produce e-fuels and e-chemicals
Read more about future raw materials

We are looking for A and B round investments in promising startups. We assess investment opportunities based on four criteria: fit with Neste investment field, fundamental potential and scalability of the solution, capabilities of the team to drive development and growth, and early view on the investment case.

In addition to capital, we provide access to Neste capabilities (e.g. technology development, engineering, sustainability) and network of customers and partners.

Our team

Antti Ritala

Head of Venturing and Acquisitions

Antti is heading the venturing team at Neste Innovation. Previously, Antti was leading corporate strategy development at Neste and was also responsible for strategy deployment and market intelligence.

Contact: ventures(at)neste.com

Sanjar Ibragimov

Senior Investment Manager

Sanjar is responsible for screening, running due diligence and negotiations with the selected venturing targets. Previously Sanjar worked as a corporate strategy development manager at Neste, focusing on such domains as renewable chemicals, renewable feedstock and sustainable aviation fuel.

Contact: ventures(at)neste.com

News release

Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei invests combined EUR 11 million into startup Circularise to accelerate a shift towards a circular economy

Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei announce a combined EUR 11 million investment into Netherlands-based startup Circularise. The goal of the investment is to accelerate the transformation to more sustainable materials within the polymers and chemicals industry by providing new digital solutions to boost traceability and visibility of material flows along value chains.

Press release

Neste invests in Sunfire, leading technology developer of high-temperature electrolysis and Power-to-X solutions

The company’s patented technology allows the production of renewable hydrogen as well as the direct conversion of water and CO2 into raw material for petrochemical products.