Releases and news

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02 January 2017 Releases and news
Change in membership in Neste's Shareholders' Nomination Board
Neste CorporationStock Exchange Release2 January 2017 at 4 pm. (EET)Change in membership in Neste's Shareholders' Nomination Board The following members were appointed on 2 September 2016 to Neste's Shareholders' Nomination Board: Eero Heliövaara, Director General of the Ownership Steering Department of the Prime Minister's Office; Timo Ritakallio, President and CEO of Ilmarinen Mutual Pension Insurance Company; Liisa Hyssälä, Director General of Kela, and Jorma Eloranta, the Chair of Neste's Board of Directors. Due to the retirement of Hyssälä, the new Director General of Kela, Elli Aaltonen, has taken her place as a member of the Neste's Shareholders' Nomination Board on 1 January 2017. Neste CorporationKaisa...
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22 December 2016 Releases and news
Neste the winner in the Industry Leader Award Biofuels category at the 2016 Global Energy Awards
Neste CorporationPress Release22 December 2016 at 9.30 am. (EET) Neste the winner in the Industry Leader Award Biofuels category at the 2016 Global Energy Awards Neste was selected as the leading biofuel operator at the 2016 Global Energy Awards. The company came first in the Industry Leader Award Biofuels category in the competition arranged by S&P Platts, a provider of market information and research in the energy sector. In the Industry Leader Award Biofuels category, all finalists were innovative actors developing sustainable biofuel solutions. The panel of judges was impressed by NEXBTL technology, which enables the production of top-quality renewable diesel and other renewable products from nearly any waste...
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30 November 2016 Releases and news
Neste has not bought crude palm oil from the mills that Amnesty report links to human rights violations and child labor
Neste Corporation News 30 November 2016 Neste has not bought crude palm oil from the mills that Amnesty report links to human rights violations and child labor Amnesty International has today published a report in which it refers to human rights violations in the palm oil industry. It specifically mentions palm oil producer and trader Wilmar in their report. Wilmar is one of Neste's many suppliers. Neste is not among the companies that Amnesty report links to human rights violations through their palm oil procurement. Neste has not bought any crude palm oil from the mills identified in the Amnesty's report. Neste has a clear stand on human rights issues: we do not accept harassment, discrimination, child labor, forced...
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23 November 2016 Releases and news
Increasing Renewable Fuel Volumes included in US EPA's 2017 renewable volume final rule
Neste Corporation Press Release 23 November 2016 at 11:45 pm (EET) Increasing Renewable Fuel Volumes included in US EPA's 2017 renewable volume final rule The Environmental Protection Agency (EPA) in the US published the final ruling covering renewable fuel volume requirements for 2017 under the Renewable Fuel Standard (RFS) program on 23 November 2016. The final rule calls for further increases in the volumes requirements above those in proposed rule published on 18 May 2016 and includes an increased volume requirement for biomass-based diesel for 2018. The EPA ruling provides for increases across all types of biofuels. For 2017, the EPA sets volume requirements of 4.28bn gallons (up from 3.61bn gallons in 2016) for...
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23 November 2016 Releases and news
There's a way for your car to run on waste fat from Thanksgiving turkey
Neste Corporation Press Release23 November 2016 at 5 pm (EET) There's a way for your car to run on waste fat from Thanksgiving turkey The Americans consume over 46 million turkeys every Thanksgiving. What if waste fat from turkey roasting could also fuel up our cars? Believe it or not, there's already a way to make it happen. The world's leading renewable fuel producer Neste has the technology to turn excess cooking fat into renewable fuel. This Christmas they are asking Finnish households to collect their cooking leftovers for fuel production. Their goal is to produce enough renewable fuel from food waste to enable a private car to travel three times around the globe. According to Neste's calculations, the waste fat...
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21 November 2016 Releases and news
Neste's renewable diesel to decarbonize Hamburg Airport's ground fleet
Neste Corporation Press Release 21 November 2016 at 3 pm (EET) Neste's renewable diesel to decarbonize Hamburg Airport's ground fleet Copyright: Michael Penner, Hamburg Airport Hamburg airport in Germany has started using Neste's renewable diesel as a solution to reduce its reliance on fossil fuels. Having made the switch to premium-quality "drop-in" renewable diesel in its diesel-powered ground fleet, the airport is able to significantly reduce its carbon footprint. Part of the airport's ground fleet has already been powered by alternative energy sources. The switch to renewables will now be completed with the heavy duty vehicles, such as aircraft tugs and fire-fighting vehicles, making Hamburg Airport the first...
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07 November 2016 Releases and news
Neste focuses on its own extensive social responsibility development program - IOI developing in the right direction
Neste CorporationNews7 November 2016 Neste focuses on its own extensive social responsibility development program - IOI developing in the right direction On November 7, 2016, Finnwatch published a follow-up study report on the operations of the Malaysian palm oil company IOI, focusing particularly on human and labor rights. The report primarily focuses on the operations of IOI, but it also touches on those operations of the Finnish companies Paulig and Neste that have to do with IOI. Neste has not commenced purchases of raw materials from IOI IOI was one of Neste's palm oil suppliers during the previous Finnwatch studies. On April 12, 2016, we announced that we had suspended raw material purchasing from IOI after the...
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02 November 2016 Releases and news
Neste's work on ensuring human rights in its palm oil supply chain strives to set good examples
Neste Corporation News 2 November 2016 Neste's work on ensuring human rights in its palm oil supply chain strives to set good examples Neste is working hard to tackle common challenges related to human rights and the fair treatment of workers in the palm oil industry. Collaboration with NGOs is crucial in advancing social sustainability. For years, Neste has focused on tackling environmental issues related to its palm oil supply chain. Even though the significance of crude palm oil in Neste's portfolio of renewable raw material has dramatically diminished over the years - crude palm oil use currently representing less than 20% of the company's renewable raw material use while the rest, nearly 80%, consists of wastes and...
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