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Neste’s strategy – Faster, Bolder and Together

Neste’s strategy is called ‘’Faster, Bolder and Together’. It reflects the understanding that there is no time to lose in combating climate change or helping to tackle the waste plastic challenge. In order to succeed, we need to act, innovate new solutions and deliver them faster and bolder than ever before – together. 

A global leader in renewable and circular solutions

Our aim is to become a global leader in renewable and circular solutions. We help transport and cities, as well as customers in the aviation, polymers and chemicals sectors, to make their business more sustainable. To achieve this, we are committed to:

  • Reducing our customers’ greenhouse gas emissions every year by at least 20 million tons CO2 equivalent by 2030.
  • Reaching carbon neutral production by 2035.
  • Reducing the use phase emission intensity of sold products by 50% by 2040 compared to 2020 levels.
  • Aiming to make Porvoo the most sustainable refinery in Europe by 2030 and increasing the share of renewable and circular feedstock to over 10% of the refinery feed by 2030.
  • Strengthening our end markets in renewable aviation and the polymers business.
  • Supporting Sustainable Aviation Fuel (SAF) market growth with 1.5 million tons/a planned capacity already available by the end of 2023.
  • Strengthening our position as a solution provider for chemical recycling.
  • Expanding our unique global waste and residue feedstock platform.
  • Outperforming our peers in value creation.

Our three strategic themes

  1. Grow renewable and circular solutions. We serve existing and new customers in the road transport, aviation, and polymers and chemicals markets. We grow our production capacity and strengthen and expand our renewable and circular feedstock supply.
  2. Get ready for the future. We innovate and commercialize new renewable and circular solutions for the next phases of growth. We deliver our climate commitments and ensure high standards in sustainability and safety in everything we do.
  3. Boost competitiveness and transformation. We continue driving efficiency and competitiveness through operational excellence. We transform fossil refining and distribution towards low emission offerings and carbon neutral production.

Neste strategy image 2021