Neste

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world’s largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. In 2018, Neste’s revenue stood at EUR 14.9 billion.
Neste has long-standing relations with Russian companies. For several decades Neste has sourced crude oil and other feedstock from Russia. Currently approximately 70% of the crude oil used in Neste refineries in Finland is Russian Export Blend. Neste also has a countrywide reach with its lubricant business in Russia through 10 distributors and about 1000 retail outlets.
For several years, Neste ran retail operations in St. Petersburg area with 75 stations and about 1000 employees. The divestment of these operations to PJSC Tatneft was closed on October 31, 2019.