Neste Oyj (NTOIF)

Overview

Neste Oyj, headquartered in Espoo, Finland, is a pioneer in the production and supply of renewable diesel and sustainable aviation fuel, operating extensively in Finland, other Nordic countries, the Baltic Rim, various European countries, North, and South America, and internationally. With a rich history dating back to its founding in 1948, the company underwent a significant rebranding from Neste Oil Oyj to Neste Oyj in June 2015, underlining its commitment to sustainability and renewable energy sources. Neste Oyj's business operations are structured into four diverse segments: Renewable Products, Oil Products, Marketing & Services, and Others, each tailored to meet the global demand for cleaner energy and associated services.

Products and Services

• Renewable Products

  This segment deals with the production, marketing, and sales of renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics intended for wholesale markets. Neste's pioneering work in renewable products is central to its mission, offering cleaner fuel alternatives to reduce carbon emissions effectively.

• Oil Products

  Focused on the production, marketing, and sales of traditional oil products, including diesel, gasoline, aviation and marine fuels, light and heavy fuel oils, and gasoline components. This segment also covers specialty fuels such as small-engine gasoline, solvents, liquid gases, and bitumen. It caters to a diverse clientele, including retailers, distributors, oil majors, trading and petrochemicals companies, and various sectors such as road transportation, non-road uses, aviation, and marine.

• Marketing & Services

  Neste markets and sells cleaner fuels and oil products, along with associated services, to a wide range of customers. This includes private motorists, transport companies, aviation, shipping, and industrial and agricultural sectors, as well as municipalities, farmers, and heating oil customers. The company leverages a network of service stations for sales, alongside direct sales and distributors, to ensure the availability of its cleaner and sustainable products.

• Others

  Under this segment, Neste offers engineering solutions tailored to the needs of its clients, showcasing the company's versatility beyond its core offerings of fuel products and services. This segment highlights Neste's commitment to providing a comprehensive suite of solutions catering to the broader energy sector.