We are committed to supporting our customers to reduce their greenhouse gas emissions by at least 20 million tons of CO2e annually by 2030. Over the past 5 years our renewable solutions have helped customers reduce nearly 50 million tons of GHG emissions.
We are committed to supporting our customers to reduce their greenhouse gas emissions by at least 20 million tons of CO2e annually by 2030.
Over the past 5 years, our renewable solutions have helped customers reduce nearly 50 million tons of GHG emissions.
Paving the way to a circular and renewable future
In 2022, Neste’s revenue stood at EUR 25.7 billion and the comparable EBITDA was 3,537 million euros. Neste employed an average of 5,244 employees in 2022. Neste has a strong global mindset with key markets in Europe and North America, production in three continents and other operations in 16 countries worldwide. Neste’s subsidiaries are located in the US and Europe. Neste’s station chains consist of almost 1000 traffic and automatic stations in Finland, Estonia, Latvia and Lithuania.
Neste produces renewable products at its refineries in Finland, the Netherlands and Singapore entirely from renewable raw materials with a current annual nameplate capacity of approximately 3.3 million tons. Neste’s Singapore refinery expansion and our joint operation, Martinez Renewables, with Marathon Petroleum in Martinez, California, will increase Neste’s total production capacity of renewable products to 5.5 million tons in early 2024.
Our ambition is to make the Porvoo refinery in Finland the most sustainable refinery in Europe by 2030 and to reach carbon neutral production by 2035. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials.
Neste's transformation journey
Neste has a long history of developing innovative, more sustainable solutions for road transport, aviation and the polymers and chemicals sectors. Our transformation journey has a strong Nordic heritage and it has taken us from being a local oil refiner to becoming a global leader in renewable and circular solutions. Together with our partners and stakeholders, we work towards creating a healthier planet for our children with more sustainable solutions. We believe this is the driving force for future success.
1948 Neste is founded to secure Finland’s oil supply
1996 Experimenting to develop 100% renewable diesel
2000’s Investing in renewable diesel production in Porvoo, Singapore and Rotterdam
2020 Announced strategic study on transitioning the Porvoo refinery into a globally leading renewable and circular solutions site
2025 Committing to support carbon neutral growth in aviation
2030 Helping our customers reduce their GHG emissions by up to 20 M tons annually
2023 Plan to end crude oil refining by mid-2030s and reaching carbon neutral production
2040 Reducing the use phase emission intensity of sold products by 50% compared to 2020 levels, and reducing emissions across our value chain
Board of directors
Under the Company’s Articles of Association, the Board of Directors consists of five to ten members elected at the Annual General Meeting for a term ending at the following AGM.
Neste - leading the way towards a sustainable future
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