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Neste studying transitioning Porvoo refinery to a renewable & circular site; ending crude oil refining in mid-2030s

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Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. Neste’s growth strategy is centered on renewable and circular solutions.

Oil 259
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Business Finland awards €27.7M to Neste for Porvoo refinery green hydrogen projects

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Business Finland awarded Neste with a public funding of €27.7 million for green hydrogen projects at Neste’s refinery in Porvoo, Finland, aiming to develop solutions for renewable hydrogen production. —Outi Ervasti, Vice President of Renewable Hydrogen at Neste.

Finland 210
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Neste to acquire Mahoney Environmental to strengthen its growth strategy and position in renewable raw material sourcing

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Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has agreed to acquire 100% of Mahoney Environmental (Mahoney), a collector and recycler of used cooking oil in the United States, and its affiliated entities. Neste has announced a $1.54-billion

Renewable 243
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Neste submits three pathways for California LCFS for renewable diesel produced at Porvoo refinery

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Finland-based Neste has submitted three new Tier 2 Pathways for California’s Low Carbon Fuel Standard (LCFS) for renewable diesel produced at its Porvoo, Finland refinery. Two pathways are for Renewable Diesel from Tallow & Animal Fat and one is for Renewable Diesel from Used Cooking Oil (UCO). gCO 2 e/MJ.

Renewable 220
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Neste: use of our renewable fuels reduced global climate emissions by 8.3 million tons in 2017

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Replacing fossil fuels with Neste’s renewable fuels reduced global climate emissions altogether by a 8.3 The emission reduction is calculated by comparing the life cycle greenhouse gas emissions of the renewable fuels that Neste produces in a year to the life cycle emissions of conventional European diesel.

Renewable 150
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Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil; up to 80% GHG emission reduction

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Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine 0.1 Co-processed marine fuel is produced at Neste’s refinery in Porvoo, Finland, where renewable raw materials are co-processed (cracking, distillation, hydrotreating) with fossil raw materials in the conventional refining process.

Mariner 186
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Neste and Outotec introduce 100% NEXBTL-derived bio-based diluent as a new solution for base metals extraction; renewable Isoalkane

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Neste and Outotec have jointly verified the viability of applying Neste MY Renewable Isoalkane as a fully bio-based diluent for extracting metals in hydrometallurgical processes. All renewable raw materials used in producing Neste MY Renewable Isoalkane are sustainably produced.

Renewable 170