Business

We are the world’s leading producer of sustainable aviation fuel, renewable diesel and renewable feedstock solutions for various polymers and chemicals industry uses. We are also developing chemical recycling technologies and capacity to combat plastic waste challenge. Our ambition is to make the Porvoo refinery in Finland the most sustainable refinery in Europe by 2030 and to reach carbon neutral production by 2035. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials.

In 2022, Neste’s revenue stood at EUR 25.7 billion and the comparable EBITDA was 3,537 million euros. Neste employed an average of 5,244 employees in 2022. Neste produces renewable products at its refineries in Finland, the Netherlands and Singapore entirely from renewable raw materials with a current annual nameplate capacity of approximately 3.3 million tons. Neste’s Singapore refinery expansion and our joint operation, Martinez Renewables, with Marathon Petroleum in Martinez, California, will increase Neste’s total production capacity of renewable products to 5.5 million tons by the end of 2023. 

Our aim is to be a global leader in renewable and circular solutions. We are committed to supporting our customers to reduce their greenhouse gas emissions by at least 20 million tons of CO₂e annually by 2030.