Neste Annual General Meeting issues authorizations to donate EUR 1.5 million to universities and higher education institutions

Neste Corporation
Press Release
30 March 2016 at 5.25 pm. (EET)

Neste Annual General Meeting issues authorizations to donate EUR 1.5 million to universities and higher education institutions

Today on March 30, the Annual General Meeting of Neste authorized the Board of Directors to decide on donations of at most EUR 1.5 million to be given to universities and higher education institutions.

The Board of Directors will decide on the recipients and the amount of each of donation; the donations can be given in one or more installments. The authorization shall be in force until the closing of the next Annual General Meeting.

"We consider higher education to be important, and we also want to support the operating conditions of universities and higher education institutions," says Jorma Eloranta, Chair of the Board of Directors of Neste.

"Neste has extensive and productive R&D activities. However, they would not be as successful without close cooperation with universities and higher education institutions. What is more, basic education offered by universities and higher education institutions is important to us in that we need highly educated people to secure our company's success also in the future," Eloranta continues. 

Neste Corporation


Kaisa Lipponen
Director, Corporate Communications


More information: Jorma Eloranta, Chair of the Board of Directors of Neste, tel. +358 10 45811

Neste in brief

Neste is a pioneer in oil refining and renewable solutions. We provide our customers with premium-quality products for cleaner traffic and industrial products based on world-class research. We are the world's leading producer of renewable diesel, and our annual production capacity is more than 2 million tons. We also are the world's largest company providing renewable fuel from waste and residues. Our sustainable operations have received recognition in the Dow Jones Sustainability World Index and the Global 100 list of the world's most sustainable companies, among others. Our net sales for 2015 amounted to approximately EUR 11 billion, and our shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by about 5,000 professionals. More information: neste.com/en