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About Neste

Neste is a company focused on combating climate change and reducing greenhouse gas emissions, operating primarily in the renewable energy and sustainable transportation sectors. The company offers renewable fuels and sustainable aviation fuel, as well as raw materials for polymers and chemicals made from renewable and recycled materials. Neste primarily serves the transportation, aviation, and chemical industries. Neste was formerly known as Neste Oil. It was founded in 1948 and is based in Espoo, Finland.

Headquarters Location

Keilaranta 21

Espoo, 02150,


+358 10 45811



Research containing Neste

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Neste in 2 CB Insights research briefs, most recently on Apr 12, 2023.

Neste Patents

Neste has filed 224 patents.

The 3 most popular patent topics include:

  • chemical processes
  • biofuels
  • petroleum products
patents chart

Application Date

Grant Date


Related Topics




Petroleum products, Dictionary of chemical formulas, Chemical processes, Aviation fuels, Biofuels


Application Date


Grant Date



Related Topics

Petroleum products, Dictionary of chemical formulas, Chemical processes, Aviation fuels, Biofuels



Latest Neste News

E-Fuel Market Report 2023-2032 by Regional Revenue, Growth, Trends Analysis & Key Players E.ON, Shell, Neste

Feb 21, 2024

News Provided By Share This Article Allied Market Research_Logo E-Fuel Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, State and Application : Global Opportunity Analysis and Industry Forecast WILMINGTON, DE , UNITED STATES, February 21, 2024 / / -- In this rapidly evolving market, advancements in technology are driving the development of efficient and cost-effective E-Fuel production methods, ranging from electrolysis to biomass conversion. With its potential to reduce carbon emissions and mitigate climate change, E-Fuel has captured the attention of industries, governments, and consumers alike. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: Electro fuels also known as e-fuels are an emerging class of carbon-neutral fuel used as replacement fuels that are made by storing electrical energy from renewable sources. The extraction of hydrogen is required for the production of e-fuel. This is accomplished through an electrolysis cycle that separates water (for example seawater from desalination plants) into hydrogen and oxygen components. Furthermore, the hydrogen is combined with CO2 extracted from the air and converted into a fluid energy carrier (e-fuel) via the Fischer-Tropsch synthesis. The strategy is known as the power-to-fluid cycle because electricity is utilized for the production of e-fuels. Electricity is stored in the form of fluid so that is easy to store and simple to transport. Today, the ignition of petroleum derivatives meets more than 90% of the global transportation sector and its energy demand. While e-fuel arrangements can viably decarbonize metropolitan and medium distance transportation, existing heavy vehicles such as planes, vessels, and truck armadas continue to rely on petroleum fuel. 𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: The development of the automobile industry, as well as the rise in demand for eco-friendly fuel due to urbanization and industrialization drive the market growth. According to the National Investment Promotion and Facilitation Agency, India is anticipated to be the third-largest traveler vehicle market by 2021 across the globe. Furthermore, automobile exports increased by 14.50%, in 2019, however, higher investment, improvement, transportation, inventory, and extractions are some of the significant market challenges. For instance, introducing pipelines for hydrogen transportation necessitates burrowing, hardware cost and arrangement. Moreover, a lack of awareness among individuals about the e-fills is expected to hamper the market development. Nonetheless, numerous privately owned businesses are undergoing developments, for example, Audi, Hyundai is developing vehicles that are controlled by e-energizes such as hydrogen, fuel, ethane, and others presenting and opportunity for the developing business sector. 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐢𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 • Automotive industry, which is the primary end- user of the e-fuels, has been severely affected due to the nationwide lockdowns. This restricts the growth prospects for the e-fuel market. • The lockdown situation has caused the shutdown of various e-fuel manufacturing units, resulting in a drop in sales as well as a disruption in the supply chain. • The travel and tourism industry were temporarily halted during the pandemic, resulting in a decrease in e-fuel consumption, which in turn severely affected the e-fuel market. • The e-fuel market is anticipated to experience a drop, as the demand of e-fuel in the aviation industry is reduced due to the pandemic. 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: The E-Fuel Industry's key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning. 𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲: • This study presents the analytical depiction of the e-fuel industry along with the current trends and future estimations to determine the imminent investment pockets. • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the e-fuel market share. • The current market is quantitatively analyzed to highlight the growth scenario of the e-fuel market. • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. • The report provides a detailed e-fuel market analysis based on competitive intensity and the competition that will take shape in coming years 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Neste Frequently Asked Questions (FAQ)

  • When was Neste founded?

    Neste was founded in 1948.

  • Where is Neste's headquarters?

    Neste's headquarters is located at Keilaranta 21, Espoo.

  • What is Neste's latest funding round?

    Neste's latest funding round is IPO - II.

  • Who are the investors of Neste?

    Investors of Neste include Fortum.

  • Who are Neste's competitors?

    Competitors of Neste include XFuel and 1 more.


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