investors · 9/1/2022

Neste’s acquisition of Irish Walco Foods closed

Neste Corporation, Press Release, 1 September 2022 at 10 p.m. (EET)  

In July 2022, Neste announced that it would acquire Walco Foods, an Irish trader of animal fats. The acquisition has been approved by regulatory authorities, and the transaction has been closed.

Neste’s raw material strategy is focusing on growth of waste and residues and the development of new raw material sources. With this acquisition Neste continues to enhance its global supply of waste and residue raw materials.

Neste Corporation

Susanna Sieppi
VP, Communications

Further information: Neste’s media service, tel. +358 800 94025 / (weekdays from 8.30 a.m. to 4.00 p.m. EET).

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2021, Neste's revenue stood at EUR 15.1 billion. Read more: