Neste
Neste (HEL: NESTE) is a publicly traded Industrial Decarbonization company founded in 1948 and based in Espoo, Finland.
Neste was founded in 1948 and is headquartered in Espoo, Finland. The company refines renewable raw materials such as waste and residue oils and fats into drop-in fuels that work in existing engines and infrastructure. Its product lines are Neste MY Renewable Diesel for road transport, logistics and industrial users; Neste MY Sustainable Aviation Fuel, which can be blended up to 50 percent with fossil jet fuel and is sold to airlines at airports worldwide; and Neste MY Marine Fuels for shipping companies, cargo owners and charterers. Revenue comes from sales of these renewable fuels. Neste trades on the Helsinki exchange under the ticker NESTE and employs between 1,000 and 5,000 people. Its President and CEO is Heikki Malinen and its Chief Financial Officer is Eeva Sipilä.
Neste manufactures renewable diesel, sustainable aviation fuel and marine fuels from used cooking oil, animal fat waste and other residues, giving existing engines, aircraft and fuel infrastructure a lower-emission option. Its aviation fuel is designed to meet regulatory targets such as ReFuelEU Aviation, and its products are sold to road transport, logistics, airline and shipping customers. The company has operated since 1948 and is listed on the Helsinki exchange. Its product line spans three transport segments, which places it within the industrial decarbonization sector.
At a glance
Total raised
Undisclosed
Headcount
1k-5k
Headquarters
Espoo
FinlandFounded
1948
Status
Public
Subsector
Funding history
Total raised
—
Rounds tracked
0
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
Stock performance
In the news
Neste · last 30 days
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