27 Facts About Neste Oil

Neste Oil shares are listed on the NASDAQ OMX Helsinki Stock Exchange.

In 2021, Neste Oil was the third largest company in Finland in terms of revenue.

Neste Oil was founded in 1948 as the State petrol company of Finland with the purpose to ensure the availability of refined fuels in Finland.

Neste Oil held a legal import monopoly until the market liberalization in the 1990s.

Neste had built several chemical plants around Europe, but as the prices of oil and chemical products plummeted, Neste decided to sell off its chemical industry operations.

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In 1994, Neste Oil began as the main sponsor of a competition previously known as the Finnish Rally and renamed Neste Oil Rally Finland.

In 1998, Neste Oil merged with the power company Imatran Voima Oy to create Fortum Oyj.

Neste Oil Corporation was listed on the Helsinki Stock Exchange in June 2005.

In 2007, Neste Oil started a research program on algae, but this was discontinued in 2015.

In November 2010, Neste Oil launched the world's largest renewable diesel plant, with an annual production capacity of 800,000 tons, in Singapore.

Neste Oil kept three tankers as well as ships owned on a fifty-fifty basis with Swedish company Stena, which it intends to sell later.

The Neste Oil chain included nearly 800 stations in Finland, as well as 258 stations in the Baltics and several in the Saint Petersburg region in Russia.

In February 2019, Neste Oil reported that as of May, it would divide its renewable products business area into three business units and one operating platform, namely Renewable Aviation, Renewable Polymers and Chemicals, Renewable Road Transportation, and Renewables Platform.

In March 2020, Neste Oil made an investment in the German Sunfire company, which develops high-temperature electrolysis technology.

In March 2022, Neste Oil and US-based Marathon Petroleum announced they would form a joint venture in which each will hold half of the shares.

In 2022 Neste operated conventional oil refineries at Porvoo in Finland and renewable diesel refineries in Porvoo, Singapore and Rotterdam, Netherlands.

Neste Oil's products include dozens of types of gasoline and more than a hundred end-products.

In 2017, Neste Oil was the world's largest producer of renewable diesel, producing 2.

Neste Oil has developed the proprietary NEXBTL technology for the production of renewable fuels.

In 2019, Neste Oil produced about 100,000 tonnes of sustainable aviation fuel and plans to produce around 1.

Neste Oil owns a chain of service stations, which is the largest in Finland.

In 2020, Neste Oil had station chains consisting of more than 800 traffic and automatic stations in Finland, Estonia, Latvia and Lithuania.

Neste Oil has a target to make its production carbon neutral by 2035.

Since 2016, Neste has published information about all its crude palm oil suppliers on its website.

In 2018 Biofuelwatch stated in their annual report that Neste meets EU sustainability standards for biofuels by sourcing palm oil from older plantations, commonly ones for which rainforest was destroyed before 2008.

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Neste Oil has been a target of sustained attacks, including publicity campaigns.

Neste Oil attempted to shut down a parody website launched by Greenpeace; however, the World Intellectual Property Organization rejected the trademark-based complaint, since the page is noncommercial, gives no economical benefit, is not misleading, and follows the guidelines of freedom of speech.