Business

Neste creates solutions for combating climate change and accelerating a shift to a circular economy. We help transport and cities, as well as customers in the aviation, polymers and chemicals sectors, to make their business more sustainable.

We are the world’s largest producer of renewable diesel and sustainable aviation fuel refined from waste and residues, introducing renewable solutions also to the polymers and chemicals industries. We are also a technologically advanced refiner of high-quality oil products, exploring ways to start using waste plastics as a raw material to produce new plastics and developing chemical recycling to combat the plastic waste challenge. In 2021, Neste placed 4th on the Global 100 list of the most sustainable companies in the world.

In 2020, Neste’s revenue stood at EUR 11.8 billion and the comparable operating profit was 1,416 million euros. 94% of the company's comparable operating profit came from renewable products. Neste employed some 4,800 employees in 2020. Neste manufactures its high-quality, renewable products in Finland, the Netherlands and Singapore.

Our aim is to become a global leader in renewable and circular solutions. We are committed to supporting our customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.

Renewable Road Transportation

Renewable Road Transportation offers Neste MY Renewable Diesel™, enabling its customers to reduce greenhouse gas (GHG) emissions by up to 90% compared to fossil diesel over the life cycle. As a drop-in solution, Neste MY Renewable Diesel enables an effective GHG emission decrease in the transportation sector.

Renewable Aviation

Renewable Aviation offers Neste MY Sustainable Aviation Fuel™, which in its neat form and over the life cycle reduces greenhouse gas (GHG) emissions by up to 80% compared to fossil jet fuels. The fuel gives an immediate solution for reducing the direct GHG emissions of flying. Neste is actively working with partners through the supply chain to grow the availability of SAF for the aviation industry globally.

Renewable Polymers and Chemicals

Renewable Polymers and Chemicals offers Neste RE Renewable and Recycled™, a product for replacing virgin fossil feedstock in the production of polymers and chemicals. The business unit develops renewable and circular solutions, e.g. chemical recycling, for the plastics and chemicals sectors together with value chain partners.

Renewables Platform

Renewables Platform enables Neste to further expand its production capacity and raw material platform. We currently have more than 10 different globally-sourced renewable raw materials in our portfolio. The capacity expansion in Singapore will bring our total renewable product capacity to 4.5 million tons annually in 2023.

Oil Products

We offer high-quality oil products and related services for the road transportation, non-road uses, aviation and marine sectors, as well as for the oil and petrochemical industries. As part of our systematic business development, we are exploring ways to increase the sustainability of our operations and increase the share of renewable and recycled feedstock as future raw materials for fossil refining.

Marketing & Services

Driven by the best customer experience, Marketing & Services offers sustainable solutions for the needs of its customers, consumers, and a wide variety of B2B partners and customers. We seek to develop a diverse range of services as part of our offering and to be where the customers are – in the mobile sphere.

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