Neste Corp - Company Profile
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Neste Corp (Neste) focuses on refining waste, residues, and other renewable raw materials into high-quality renewable fuels. Its major products include Neste MY Renewable Diesel and Neste MY Sustainable Aviation Fuel, which serve as alternatives to traditional fossil fuels. These products are used by customers in the road transport and aviation industries to reduce greenhouse gas emissions. The company undertakes direct sales and marketing of petroleum products in Finland, Singapore, Northwest Russia, Estonia, Latvia, and Lithuania. It also exports oil and renewable fuels to other markets, which include the US, Sweden, Canada, Germany and the UK. The company markets its products to oil companies and companies that market oil, fuels, lubricants, and other special products. Neste is headquartered in Espoo, Finland.
Headquarters
Finland
Address
Keilaranta 21, Espoo, 02150
Website
www.neste.fi
Telephone
358 10 45811
No of Employees
4,891
Industry
Energy and Utilities
Ticker Symbol & Exchange
NESTE (HEL)
Revenue (2024)
$21.5B
-7.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
253.2%
(2024 vs 2023)
Market Cap*
$24.8B
Net Profit Margin (2024)
XYZ
265.2%
(2024 vs 2023)
* As of and is in US$
Neste Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Biofuels | Engineering Solution |
| Diesel | |
| Gasoline | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In March, the company commissioned its new upgraded facility for liquefied waste plastic at its Porvoo refinery in Finland. |
| 2026 | Contracts/Agreements | In February, the company extended its partnership with Fortum for 2.6 TWh of electricity to Neste’s Finnish operations from the Nordic power portfolio. |
| 2026 | Contracts/Agreements | In February, the company signed a five year agreement with World Fuel Services (World Fuel) to expand the availability of Neste-supplied sustainable aviation fuel (SAF). |
Competitor Comparison
| Key Parameters | Neste Corp | TotalEnergies SE | Phillips 66 | Valero Energy Corp | Rosneft Oil Co |
|---|---|---|---|---|---|
| Headquarters | Finland | France | United States of America | United States of America | Russia |
| City | Espoo | Courbevoie | Houston | San Antonio | Moscow |
| State/Province | - | Ile-de-France | Texas | Texas | Moscow |
| No. of Employees | 4,891 | 102,887 | 12,600 | 9,785 | 320,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Pasi Laine | Chairman | Executive Board | 2025 | 63 |
| Eeva Sipila | Chief Financial Officer | Senior Management | 2025 | 53 |
| Heikki Malinen | President; Chief Financial Officer | Senior Management | 2024 | 64 |
| Markku Korvenranta | Executive Vice President; Chief Operating Officer | Senior Management | 2021 | 60 |
| John Abbott | Vice Chairman | Executive Board | 2025 | 66 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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