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Neste
Neste
Oyj, (until 1 July 2015 Neste
Neste
Oil Corporation) 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
Neste
has operations in 14 countries. Neste
Neste
has petroleum refineries, at Porvoo
Porvoo
and Naantali
Naantali
in Finland, and two renewable diesel refineries, in Singapore
Singapore
and in Rotterdam, Netherlands. The Porvoo
Porvoo
site also produces renewable diesel. In addition to its own refineries, Neste
Neste
has stakes in a base oil plant in Bahrain
Bahrain
and in Nynas AB, which produces naphthenic oil and bitumen.[citation needed] Neste
Neste
shares are quoted on the NASDAQ OMX Helsinki Stock Exchange. The company's market value in the end of 2013 was €3.7 billion. Neste's revenue was about €17.5 billion in 2013.

Contents

1 History 2 Operations 3 Environmental and social issues

3.1 Palm oil 3.2 Sponsorship

4 See also 5 References 6 External links

History[edit] Neste
Neste
was established in 1948 as the state petrol company of Finland, to ensure the availability of refined fuels. This entailed the building of refineries and developing the necessary technology. The refineries were built using American technology, which the U.S. government was first reluctant to provide, because many American oil companies would be competitors. After lobbying by the contractor Lummus, they relented, mainly due to the threat of the contract being handed to the Soviet Union. In practice, much of the oil refined was of Soviet origin, although after the collapse of the Soviet Union, North Sea oil was used. Thanks to Neste, the oil crisis of 1973 had little effect in Finland.[2] It held a legal import monopoly until the market liberalisation in the 1990s. The oil transport infrastructure in Finland
Finland
was built and is owned by Neste, and thus petrol stations usually obtain fuels from Neste, although the monopoly is no longer government-sanctioned. In the 1970s, Neste
Neste
introduced petrochemical and plastics production and natural gas to Finland. In 1994, Gasum
Gasum
was established with Gazprom
Gazprom
as the minor (25%) shareholder. In 1994, polyolefin production was separated into Borealis, a joint venture with the Norwegian Statoil. In 1998, Neste's 50% stake in Borealis was sold to OMV
OMV
and IPIC.[3] In 1998, Neste
Neste
Oyj merged with the power company Imatran Voima Oy to create Fortum
Fortum
Oyj. After the merger the chemical operations of Neste were transferred to the newly established company Neste
Neste
Chemicals, which was sold to the investment firm Industri Kapital for $535 million.[4] An engineering joint venture, Neste
Neste
Jacobs, was established with the American Jacobs Engineering in 2004. In 2005, Fortum
Fortum
demerged; the oil division of Fortum
Fortum
was transferred to the re-established Neste
Neste
Oil. At this point, the Neste
Neste
headquarters building (Raaden hammas) was kept by Fortum. The State of Finland maintains controlling interest (50.1%) in the company. The name "Neste" means "liquid". The official name was Neste
Neste
Oil after the Fortum
Fortum
demerger, but it was changed back to Neste
Neste
to emphasize the renewable energy business.[5] Operations[edit] Its renewable fuels based on NEXBTL
NEXBTL
technology and includes Neste Renewable Diesel and Neste
Neste
Renewable Jet Fuel, and Neste
Neste
Renewable Naphtha, Neste
Neste
Renewable Propane, and Neste
Neste
Renewable Isoalkane
Isoalkane
as a feedstock for the chemical industry.[6] Neste Renewable Diesel
Neste Renewable Diesel
is a hydrodeoxygenated (HDO) paraffinic fuel instead of a traditional transesterified biodiesel, and can be used in conventional diesel engines in any blending ratio without engine modifications. Neste Renewable Diesel can be produced from over ten different raw materials. In 2013, waste and residues accounted for over half of renewable raw material input,[7] a fraction that increased to 80% in 2016. Renewable fuels
Renewable fuels
have a good margin and contribute significantly to profits.[8] In 2007, the entire bus fleet of Helsinki Region Transport
Helsinki Region Transport
switched fully to NEXBTL. Experiments by Neste, VTT Technical Research Centre of Finland
Finland
and Proventia showed that local emissions were decreased significantly, with particle emissions decreased by 30% and nitrogen oxide emissions by 10%, with excellent winter performance and no problems with catalytic converters.[9][10] In Finland, two renewable diesel plants, located at the Porvoo
Porvoo
refinery, were brought on stream in 2007 and 2009. Together, these produce 0.525 million tons annually, which is approximately one fifth of the diesel consumption in Finland.[11][12][13] In 2010, Neste
Neste
completed their third, €550 million renewable diesel plant in Singapore. With production of 800,000 tons annually, it is the largest renewable diesel plant in the world.[14][15] A fourth plant of the same capacity was brought on stream in Rotterdam
Rotterdam
in 2011.[16] In February 2014, Talouselämä magazine named Neste's NEXBTL
NEXBTL
renewable diesel as the most groundbreaking Finnish business innovation of the new millennium.[17] Neste
Neste
and Stora Enso
Stora Enso
ran a joint venture to research production of renewable diesel oil from wood biomass with biomass gasification and the Fischer-Tropsch process
Fischer-Tropsch process
in Varkaus, Finland. However, coming second in a bid for European Investment Bank
European Investment Bank
startup funding led to cancellation of this project.[18] Neste
Neste
owns a chain of service stations, which is the largest chain in Finland.[19] It has about 800 service stations in Finland, and about 240 stations in Estonia, Latvia, Lithuania, and Northwest Russia.[20] The self-service station chain in Poland was sold to Royal Dutch Shell in April 2013.[21][22] Neste
Neste
was ranked Finland's most respected service station brand in a survey of Finnish brands carried out by Taloustutkimus and Markkinointi & Mainonta in summer 2013.[23] The engineering division of Neste
Neste
has the name Neste
Neste
Jacobs as it is a joint venture with American Jacobs Engineering. Neste
Neste
owns several important patents. A technology for MTBE is one. Another one is the NExOCTANE technology, which allows retrofitting MTBE plants to produce iso-octane; Neste
Neste
licenses this to Halliburton.[citation needed] Environmental and social issues[edit] Palm oil[edit] Neste
Neste
uses 1–2% of the world's palm oil production. In 2015, 31% of renewable raw materials used by Neste
Neste
consisted of crude palm oil.[24] Since 2013, Neste
Neste
uses only certified palm oil.[25] In November 2013, Neste
Neste
became the world's first company to be awarded an RSPO-RED Supply Chain certificate under the RSPO's new, more demanding certification system.[26] All palm oil used by the company is certified in accordance with the ISCC, RSPO, or RSPO-RED systems.[27] In April 2013, Neste
Neste
began a programme of close cooperation with The Forest Trust (TFT), a non-profit organisation focused on preventing deforestation.[28] The use of any palm oil as a feedstock has been protested by Greenpeace.[29] Neste
Neste
(among others) buys palm oil from IOI Group, company allegedly responsible for illegal deforestation.[30] Neste
Neste
has been a target of sustained attacks by Greenpeace, including publicity campaigns[31] where in January 2011, Neste
Neste
won the less flattering Public Eye Awards, in Davos, Switzerland[32] and a parody webpage, which Neste
Neste
attempted to shut down.[33][34] WIPO rejected the trademark-based complaint, since page is noncommercial, gives no economical benefit, is not misleading and the companies have to accept critics as part of the freedom of speech.[35] From July to October 2015 increased palm oil demand in Indonesia burned two million hectares of forest and peatland to fires. in October 2015 peatland carbon emissions from the fires surpassed the average daily emissions of the entire US economy. Every year tens of thousands die prematurely from respiratory illness caused by smoke from annual forest and peatland fires.[36] Sponsorship[edit] Neste
Neste
is the title sponsor of the Finnish World Rally Championship rally, Neste
Neste
Rally Finland. Neste
Neste
has hired Prince EA to host YouTube videos concerning education and the environment.[37] See also[edit]

Finland
Finland
portal Energy portal

Media related to Neste
Neste
at Wikimedia Commons Energy in Finland List of petroleum companies Social and environmental impact of palm oil

References[edit]

^ https://ir-service.appspot.com/view/ahBzfmlyLXNlcnZpY2UtaHJkchsLEg5GaWxlQXR0YWNobWVudBiAgJCgvPr1CQw ^ Öljyn pyörteissä – Nesteen tarina, MTV3.doc su 27.9.2015 klo 14.00. Franck Media. Retrieved on 9 July 2016. ^ " Neste
Neste
to complete Borealis sale by end Feb". ICIS. 9 January 1998. Retrieved 25 January 2012.  ^ Alvarado, Vladimir (1999). " Neste
Neste
Chemicals will go it alone". Chem. Eng. News. American Chemical Society. 42 (77): 15. doi:10.1021/cen-v077n042.p015.  ^ Leppänen, Timo. Merkilliset nimet - Tarinoita yritysten ja tuotteiden nimistä. SKS 2016. ^ "Renewable products". 27 May 2015. Archived from the original on 14 March 2016. Retrieved 21 July 2016.  ^ "Renewable raw material procurement". Retrieved 1 June 2016.  ^ http://yle.fi/uutiset/3-9250077 ^ Biofuel reduces local emissions efficiently. hsl.fi (2011) ^ " Neste
Neste
Oil – working for better urban air quality". cleantechfinland.com. Archived from the original on 12 December 2010. Retrieved 28 December 2010.  ^ "Corporate info". nesteoil.com. 25 February 2015. Retrieved 1 June 2016.  ^ "Päivän lehti – Helsingin Sanomat". Retrieved 1 June 2016.  ^ " Neste
Neste
Oil's second renewable diesel plant commissioned at Porvoo". nesteoil.com. 29 July 2009. Archived from the original on 27 November 2010. Retrieved 1 June 2016.  ^ " Neste
Neste
Oil to build a NExBTL Renewable Diesel plant in Singapore". nesteoil.com. 30 November 2007. Archived from the original on 19 June 2013. Retrieved 1 June 2016.  ^ " Neste
Neste
Oil starts up its new renewable diesel plant in Singapore". nesteoil.com. 15 November 2010. Archived from the original on 20 June 2013. Retrieved 1 June 2016.  ^ " Neste
Neste
Oil starts up Europe's largest renewable diesel plant in Rotterdam". nesteoil.com. 20 September 2011. Archived from the original on 20 June 2013. Retrieved 1 June 2016.  ^ Talouselämä valitsi! 2000-luvun mullistavin bisnesinnovaatio on... – Talouselämä[permanent dead link]. Talouselama.fi. Retrieved on 9 July 2016. ^ " Neste
Neste
Oil and Stora Enso
Stora Enso
to end their biodiesel project and continue cooperation on other bio products". nesteoil.com. 17 August 2012. Archived from the original on 24 October 2012. Retrieved 1 June 2016.  ^ "4.1 Service stations – Finnish Petroleum
Petroleum
and Biofuels Association". Retrieved 1 June 2016.  ^ "Station network". Retrieved 1 June 2016.  ^ "Wyborcza.pl". Retrieved 1 June 2016.  ^ " Neste
Neste
Oil's sale of its Polish retail stations to Shell closed". nesteoil.com. 2 April 2013. Archived from the original on 24 October 2012. Retrieved 1 June 2016.  ^ Neste
Neste
Oil kiilasi ABC:n ohi – Markkinointi & Mainonta. Marmai.fi. Retrieved on 9 July 2016. ^ "Emission reductions from renewable fuel of Neste
Neste
corresponds to greenhouse gas emissions of about 1.3 million cars". neste.com. 8 March 2016. Retrieved 1 June 2016.  ^ " Neste
Neste
Oil achieves its palm oil certification target two years early". nesteoil.com. 17 December 2013. Archived from the original on 26 April 2014. Retrieved 1 June 2016.  ^ " Neste
Neste
Oil awarded the world's first RSPO-RED certificate". nesteoil.com. 27 November 2013. Archived from the original on 1 May 2014. Retrieved 1 June 2016.  ^ "Certified feedstocks and production plants". nesteoil.com. Retrieved 1 June 2016.  ^ " Neste
Neste
Oil to work closer with its stakeholders to protect the world's rainforests". nesteoil.com. 4 April 2013. Archived from the original on 7 June 2014. Retrieved 1 June 2016.  ^ Neste
Neste
Oil's plans for global leadership in palm oil diesel will drive massive rainforest destruction and climate change Greenpeace International Archived 4 June 2016 at the Wayback Machine.. Greenpeace.org (12 May 2009). Retrieved on 2016-07-09. ^ "NEW REPORT: Europe's demand for palm oil driving deforestation and land-grabbing". foeeurope.org. 15 March 2010.  ^ "Tribune de Genève, l'actualité en direct, en photos et vidéos : politique, sports, people, culture, économie, média". tdg.ch. 13 April 2011.  ^ Neste
Neste
Oil wins a less than flattering award in Davos. hs.fi January 2011 ^ Greenpeace
Greenpeace
parodiasivu suututti Neste
Neste
Oilin, Nesteen mielestä Nestespoil-sivu loukkaa sen tavaramerkkiä, Greenpeace
Greenpeace
taas pitää sivun sulkemisyrityksiä sensuurina HS 22 May 2012 B10 ^ Neste
Neste
ei siedä kritiikkisivustoa, Greenpeacen Nestespoil.com yritetään sulkea Archived 25 May 2012 at the Wayback Machine. Tietokone 22 May 2012 ^ Greenpeace
Greenpeace
saa käyttää Nestespoil-verkkotunnusta HS 7 August 2012 C1 (in Finnish) ^ Lamb, Kate (6 November 2015). "Illegally planted palm oil already growing on burnt land in Indonesia". The Guardian.  ^ http://www.sustainablebrands.com/news_and_views/chemistry_materials/sustainable_brands/prince_ea_neste_unleash_powerful_indictment_us

External links[edit]

Wikinews has related news: Neste
Neste
Oil to build world's largest biodiesel plant in Singapore

Official website

v t e

OMX Helsinki 25
OMX Helsinki 25
companies of Finland

Amer Sports Cargotec Elisa Fortum Huhtamäki Kesko KONE Konecranes Metso Metsä Board Neste Nokia Nokian Tyres Nordea Orion Corporation Outokumpu Outotec Sampo Stora Enso Telia Tieto UPM Valmet Wärtsilä YIT

v t e

Palm oil

Oil palms

Attalea

A. maripa

Elaeis

E. guineesis E. oleifera

Diseases and pests

Bagworm moth Basal stem rot (Ganoderma orbiforme) Cadang-cadang
Cadang-cadang
disease Little leaf syndrome

Oryctes rhinoceros Rhynchophorus palmarum

Oil palm bunch moth

Tirathaba mundella Tirathaba rufivena

Red ring disease (Bursaphelenchus cocophilus)

Components

Mesocarp Palm kernel

oil lauric acid

Palm oil

stearin stearic acid linoleic acid myristic acid oleic acid palmitic acid

Processes

Fractionation Hydrolysis Milling Refining Saponification Transesterification

Products

Biodiesel

by region Neste

Bioplastics Cellulosic ethanol Girl Scout Cookies Oleochemicals Vegetable oil

cooking fuel

Organisations

Producers

Bumitama Agri Cargill Equatorial Palm Oil Felda Global Ventures Holdings Feronia Inc. IOI Group Kuala Lumpur Kepong Berhad Sime Darby Wilmar International

Buyers/ processors

AarhusKarlshamn

GreenPalm

Neste Unilever

Governmental/ non-governmental

FELDA Indonesia
Indonesia
Commodity and Derivatives Exchange Malaysia Derivatives Exchange Malaysian Palm Oil Board Roundtable on Sustainable Palm Oil

Policies, impacts and debates

Biodiesel
Biodiesel
impacts Biofuel policy (Malaysia) Biofuels issues Certified sustainable palm oil Deforestation

haze

Food vs. fuel Social and environmental impacts Vegetable oils as alternative energy

By country

Colombia Indonesia Malaysia

Categor

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