Neste Corporation is a global energy company that specializes in the refining and marketing of both traditional petroleum and renewable products. The company's business model is structured around three main segments: Renewable Products, Oil Products, and Marketing & Services. The Renewable Products segment is the cornerstone of Neste's growth strategy, processing waste, residues (such as used cooking oil and animal fat), and innovative raw materials into renewable diesel, sustainable aviation fuel (SAF), and renewable feedstocks for the polymers and chemicals industries. Neste is recognized as the world's largest producer of renewable diesel and SAF, utilizing its proprietary NEXBTL technology across major production facilities in Finland, the Netherlands (Rotterdam), and Singapore.
The Oil Products segment focuses on refining high-quality fossil fuels, primarily at its Porvoo refinery in Finland, though the company is actively transitioning this site into a globally leading renewable and circular solutions facility. The Marketing & Services segment operates a network of service stations and direct sales channels, supplying fuels and associated services to private motorists, commercial transport companies, and industrial customers primarily in Finland and the broader Baltic Sea region.
Geographically, while Neste is deeply rooted in the Nordic region, it operates on three continents and serves a global customer base in Europe, North America, and Asia-Pacific. The company's competitive position is driven by its early-mover advantage in renewable fuels, its extensive global supply chain for waste and residue feedstocks, and its ongoing capacity expansions to meet the increasing global demand for low-carbon energy solutions.
