Neste is the world’s largest producer of renewable diesel and renewable jet fuel refined from waste and residues, introducing renewable solutions also to the polymers and chemicals industries. We are also a technologically advanced refiner of high-quality oil products, exploring ways to start using waste plastics as a raw material to produce new plastics.
Neste manufactures its high-quality products in Finland, the Netherlands and Singapore
Our renewable solutions are produced at the Porvoo, Rotterdam, and Singapore refineries, while diverse crude oil based products are refined in Porvoo. In addition, our plant in Sluiskil, the Netherlands, is specialized in pre-treatment of renewable raw materials for our renewable products refineries. Neste is also a co-owner of a base oil plant in Bahrain.
Certified operations driving systematic environmental development
All of Neste's renewable product refineries are International Sustainability & Carbon Certification (ISCC) certified or approved by the U.S. Environmental Protection Agency (EPA). The Porvoo, Naantali, Rotterdam and Singapore refineries have the independently audited ISO 14001 environmental certifications. The certification confirms the systematic development and compliance of Neste’s environmental management, processes and practices with international standards.
Neste has signed an agreement to sell its existing base oils business to Chevron Corporation, one of the world's leading integrated energy companies. As part of the divestment, the parties have also agreed on a long-term offtake for Neste’s base oils supply from Porvoo, Finland.
Major turnaround at Neste’s Porvoo refinery is completed
The scheduled maintenance i.e. the major turnaround at Neste’s Porvoo refinery in Finland is now successfully completed and production has started at the refinery. A large number of regulatory inspections, maintenance works and asset improvement initiatives were executed to ensure the safety and reliability of the refinery.
Neste is aiming for 100% renewable electricity use globally by 2023
Neste is committed to reaching carbon neutrality in its production by 2035. As part of this effort, Neste aims for 100% renewable electricity use globally by 2023. In order to proceed with this target, Neste will increase the use of wind power at its Porvoo refinery.
The possible next world scale renewable products refinery in Rotterdam
Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe. The company has now concluded a thorough study phase concerning the two possible locations, Porvoo, Finland and Rotterdam, the Netherlands.
Neste is increasing its renewable products production capacity in Singapore. The EUR 1.4 billion investment will increase Neste’s renewable products production capacity by 1.3 million ton/a, bringing the total global renewable product capacity close to 4.5 million ton/a in 2022. The extended refinery is expected to start operations in mid-2022.