Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies.
Neste Singapore refinery has been producing exclusively renewable products since 2010. We have a production capacity of 1.3 million tons in Singapore. Currently, we are expanding our production capacity in Singapore via the Singapore Expansion Project to bring additional capacity up to 1.3 million tons per annum by Q1 2023 including up to one million tons sustainable aviation fuel.