Neste Oyj is a Finland‐based energy company specializing in refining petroleum products and producing renewable fuels and sustainable feedstock solutions. Established in 1948, the company has evolved from a state‐owned enterprise into a multinational corporation with a focus on decarbonizing transport and industrial processes. Over the decades, Neste has expanded its refining capacity and invested heavily in research and development to pioneer low‐carbon alternatives to conventional diesel and aviation fuels.
The company’s core businesses include traditional oil refining—transforming crude oil into gasoline, diesel, and jet fuel—as well as the production of Neste MY Renewable Diesel and Neste MY Sustainable Aviation Fuel. Through its Renewable Products segment, Neste processes waste and residues such as used cooking oil, animal fats, and other biomass‐based raw materials into high‐quality drop‐in fuels that directly replace fossil‐based counterparts. In addition, Neste offers renewable feedstocks for polymers and chemicals, supporting customers in reducing the carbon footprint of plastics and other end products.
Neste operates two major refineries in Finland, with additional renewable product facilities in Singapore and Rotterdam, and a global supply network spanning Europe, North America and Asia. The company’s extensive logistics and distribution infrastructure enables it to serve a broad customer base, including oil companies, airlines, shipping firms and industrial consumers. Neste also maintains a network of service stations in the Nordic and Baltic regions, offering conventional fuels alongside renewable diesel options.
Leadership at Neste is headed by President and CEO Peter Vanacker, who joined the company in 2018 after executive roles in specialty chemicals and materials industries. Under his guidance, Neste has set ambitious targets for carbon‐neutral production and expanded partnerships across the value chain to accelerate the adoption of renewable fuels. The company’s Board of Directors and executive team continue to drive strategic growth, sustainability and innovation initiatives, reinforcing Neste’s position as a global leader in renewable energy solutions.
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