innovation · 12/20/2021

Neste donates EUR 1 million to universities in Finland

Neste Corporation, Press Release, 20 December 2021 at 9.30 a.m. (EET)

Neste will donate a total of EUR 1 million to universities in Finland to support the research and education in the chemical industry and to further strengthen the collaboration between the industry and the scientific community. The donation will be targeted to Aalto University and Åbo Akademi University, with whom Neste has established long-term strategic cooperation. In addition to the extent of collaboration (number of strategic projects and magnitude), the share of graduates from these universities of all Neste recruits in the field of innovation was considered as criteria for selecting the donation recipients.

The donations are targeted to the field of Technology at Aalto University and to the field of Engineering at Åbo Akademi University. The collaboration with Aalto University and Åbo Akademi University supports strengthening sustainability-driven growth areas that are also central to Neste’s strategy, such as renewable products, low-carbon solutions and circular economy.

“Neste’s success is deeply built on innovativeness, boldness and long-term systematic research and development. Our extensive collaboration with universities combines leading industrial expertise and high-level research to discover solutions to global challenges, benefiting societies in the long term. With our donation, we also want to show our appreciation for the universities in providing high-quality education which is accessible to everyone, and hence ensuring the diversity and quality of talent and expertise also in the generations to come,” says Lars Peter Lindfors, Senior Vice President, Innovation, Neste.

The impact of Neste’s donation will be further amplified by the Finnish state's campaign for matched funding for universities 2020-2022. 

Neste has a long history of supporting and collaborating with the education sector on various levels. Neste annually offers summer internships for approximately 350 young people in Finland. In addition, the company is engaged in cooperation with universities and higher education institutions in a variety of research projects, and offers degree thesis opportunities for students.

Neste Corporation

Susanna Sieppi
Vice President, Communications

Further information: Please contact Neste’s media service, tel. +358 50 458 5076 / (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 renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products. Read more: