Ribbon cutting. From left to the right are Jennifer Jiang, General Manager of Neste Shanghai; Hannele Jakosuo-Jansson, Senior Vice President, Human Resources, Procurement and Safety at Neste; Matti Lehmus, Executive Vice President, Renewables Platform at Neste; Pasi Hellman, Consul General of Consulate General of Finland in Shanghai; Yonglian Chen, European & Africa Affairs Division of Shanghai Municipal People’s Government Foreign Affairs; Diego Marques, Vice President, Supply Growth and Development at Neste.
Neste Corporation, Press Release, 20 September 2019 at 8 am. (EET)
Neste opens an office in Shanghai and starts renewable raw material sourcing operations in China.
“Neste is the 3rd most sustainable company in the world and the largest producer of renewable diesel. We are happy to open a new office in China, and start purchasing waste and residue raw materials for the production of our renewable diesel, jet fuel as well as other renewable solutions globally”, says Jennifer Jiang, General Manager of Neste Shanghai office.
Neste will purchase renewable waste and residue raw materials from local collectors in the East coast of China, especially in the regions around Shanghai, but later on also in other big cities.
“Different waste and residues account for approximately 80% of our renewable raw materials. With our own proprietary NEXBTL technology, renewable products can be refined flexibly from a wide variety of low-quality raw materials while the end-products retain their high quality. These products and solutions help our customers to reduce their greenhouse gas emissions”, states Jennifer Jiang.
Neste has renewable diesel production facilities in Singapore, the Netherlands and Finland. The company’s renewable products production capacity is today close to 3 million tons of renewable diesel and other renewable fuels. The ongoing Singapore capacity expansion will bring the total renewable production capacity of Neste to 4.5 million tons annually in 2022. As a result of this investment, Neste will have more flexibility between different product solutions in Singapore and be able to produce renewable diesel, renewable aviation fuel and raw material for various polymers and chemicals markets. It also enables the use of increasingly low-quality waste and residue raw materials also for the existing refinery.
Neste’s Shanghai office is registered as a fully-owned subsidiary of Neste, which is located at Jing’an Kerry Centre in Shanghai.
Vice President, Communications (act.)
For more information, please contact: Neste’s media service, tel. +358 50 458 5076 / email@example.com (open on weekdays from 8.30 am to 4.00 pm EET)
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2018, Neste's revenue stood at EUR 14.9 billion. In 2019, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com