“By becoming a member of the Renewable Carbon Initiative, Neste wishes to promote the concept of replacing virgin fossil oil with renewable and circular carbon solutions in order to accelerate the necessary transformation in the materials business.”
Neste is a purpose-driven company, developing solutions to create a healthier planet for future generations. Our business is focused on developing solutions to tackle the climate crisis, with an ambition to create a world where materials are produced from renewable and recycled materials – without virgin fossil oil. By becoming a member of the Renewable Carbon Initiative (RCI), we are joining forces with companies, research institutes, start-ups and others, to promote the concept of bringing the sources of sustainable carbon together. Through this collaboration, we wish to accelerate the transformation of the materials business by developing circular value chains and replacing virgin fossil oil use with renewable and recycled alternatives.
Company profile
Our business is focused on developing solutions to tackle the climate crisis, with an ambition to create a world where materials are produced from renewable and recycled materials – without virgin fossil oil. Neste is an oil refining and marketing company located in Espoo, Finland. It produces, refines and markets oil products and provides engineering services, as well as licensing production technologies. Neste has operations in 15 countries and employs over 4,400 people. The company is the largest producer of renewable diesel in the world. Neste shares are quoted on the NASDAQ OMX Helsinki Stock Exchange. As of 2020, the Government of Finland is the largest shareholder with 35.96% of the shares. Neste was ranked the third most sustainable company in the world on the 2020 Global 100 index ranking by Corporate Knights.
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