Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.
The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils. In its Oil Products segment, Neste refines crude oil into conventional fuels such as gasoline, diesel, liquefied petroleum gas (LPG), base oils and bitumen. The Marketing & Services segment distributes and markets both conventional and renewable products through service stations and direct industrial channels.
Neste serves customers across Europe, North America and Asia, supporting road transport, aviation, marine and industrial applications. The company leverages a global supply chain to source waste and residue raw materials, which are processed into certified renewable fuels. Neste’s refinery in Singapore is strategically located to supply Asian markets, while its European sites in Finland and the Netherlands cater to customers across the continent. Logistics operations include marine terminals, pipelines and storage facilities to ensure reliable product delivery.
Under the leadership of President and CEO Peter Vanacker, who took the helm in 2018, Neste has prioritized sustainability and circular economy principles. The company actively collaborates with industrial partners, waste collectors and government agencies to expand feedstock availability and accelerate the adoption of renewable energy solutions. Neste continues to invest in research and development to improve conversion technologies and develop new value-added products for a lower-carbon future.
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