the Fuel of the future is here 

Neste is a global Finnish tech company focusing primarily on developing and producing renewable diesel (HVO), sustainable jet fuel (BioJet), and innovating sustainable, renewable, recycled plastics from forestry and municipal waste, among other raw materials. 

Per 5 million liters of diesel consumption, Neste’s renewable diesel releases 1,508 tons of CO2e while conventional diesel releases 15,084 tons. If Neste replaced conventional diesel, they would reduce global CO2 emissions by 90% in this category. 

Globally, we consume 15.6 billion liters of oil each day, meaning that a 90% reduction of the CO2 emissions from oil consumption would be equivalent to the annual electricity use of more than 2.5 million homes. 

Category 

Conventional solutions to transportation emissions include: 

• Effectively increasing the efficiency of transport technology
• Modal shifts
• Reducing transport demands • Changing routes and goods 

Subcategory 

Competitors in the same subcategory for renewable diesel all have less impact on CO2 emissions, whereas Neste is aiming for CO2-neutral production in 2035. 

Neste’s BioJet fuel reduces CO2 emissions by 80%, making it possible to reduce global CO2 emissions by 2-3% by using only BioJet fuel. 

Boeing is currently developing a jet engine that can run entirely on BioJet, making it possible to eliminate CO2 emissions from the aviation industry if the planes use that engine. 

Customers and partners include SKISTAR, FALCK, the city of Oakland in California, McDonald’s, and more. 

FACTS

Founded in: 1948
Founded by: Finish Parliament
CEO: Peter Vanacker
Headquarters: Esbo, Helsinki
Employees 2020/2021: 4800/5000+
Listed on the Nasdaq Helsinki Revenue 2020: €15.84 Billion 

Visit the website of Neste at: https://www. neste.com/en