About Neste Oyj

Neste Oyj operates as a producer of renewable fuels. The company produces primary oil products and supplies renewable diesel. The Baltic Sea region is the company’s home market. The company has Finland's service station network and has a major presence in the Baltic countries and St. Petersburg region in Russia. Business Areas The company has three business areas: Oil Products, Renewable Products, and Oil Retail. Its segments are Oil Products, Renewable Products, Oil Retail, and Others. Oil Products The company’s oil products are refined in Finland, Porvoo and Naantali plants. Base oils are also produced by the company’s joint venture production plant in Bahrain. The company’s oil refining capacity is 15 million t/a. The company focuses on fuel solution sales and special products. The company is an oil company whose product portfolio also includes self-produced renewable fuels. In addition to its product portfolio, the company’s customers benefit from flexible logistics solutions. The company’s customers are mainly other oil companies and companies that market oil, fuels, lubricants and other special products. The company’s product range includes diesel fuels, gasoline, aviation and marine fuels, light and heavy fuel oils, base oils, gasoline components, solvents, liquid gases, bitumens, and special fuels, such as small-engine gasoline (alkylate gasoline). Renewable Products The company produces its Neste Renewable Diesel in the Porvoo, Rotterdam and Singapore refineries. The company has increased the capacity of its renewable diesel refineries to 2.4 million tons. The company sells Neste Renewable Diesel as a component of bio and diesel fuel to corporate customers, mainly in Europe and North America. The product could also be sold to distributor companies as a readymade blend of fossil and renewable diesel. It is also suitable for aviation. The company has invested in a biopropane recovery unit at the Rotterdam plant. The company would include biopropane in its portfolio of renewable products at the end of 2016. It could be utilized in the production of plastics and energy generation, among other uses. In addition, the company is investigating the commercial opportunities of renewable isoalkane. Oil Retail The company has a network of approximately 1,000 service stations in the Baltic Sea region. It is the key marketing channel for the company’s cleaner products. The station network plays a major role in reaching its strategic objective of being the major provider of fuel solutions in the Baltic Sea region. History The company was founded in 1948. It was formerly known as Neste Oil Oyj and changed its name to Neste Oyj in 2015.