Search company, investor...

Founded Year

1948

Stage

IPO - II | IPO

Market Cap

22.64B

Stock Price

29.78

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,

Finland

+358 10 45811

Loading...

Loading...

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

Title

Related Topics

Status

11/18/2020

1/2/2024

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

Grant

Application Date

11/18/2020

Grant Date

1/2/2024

Title

Related Topics

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

Status

Grant

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 / EINPresswire.com / -- 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.

Loading...

Compare Neste to Competitors

Sulapac Logo
Sulapac

Sulapac develops a biodegradable alternative to plastic packaging materials, made from woodchips and natural adhesives. Its products can be processed and mass-produced using methods similar to producing plastic. The company was founded in 2023 and is based in Helsinki, Finland.

Newlight Technologies Logo
Newlight Technologies

Newlight Technologies develops a biotechnological process to harness microorganisms found in the ocean to convert greenhouse gases into meltable energy. It commercializes large-scale polymerization technology capable of converting air and greenhouse gasses such as methane and carbon dioxide from sources such as wastewater treatment plants, landfills, and energy production facilities into biodegradable plastics. It primarily serves the biotechnological sector. The company was founded in 2003 and is based in Huntington Beach, California.

UBQ Materials Logo
UBQ Materials

UBQ Materials operates as a cleantech company. The company's main service is the conversion of unrecyclable household waste into a sustainable thermoplastic substitute, which can replace oil-based plastics in various applications across industries. Its product primarily caters to manufacturers and brands seeking to reduce their carbon footprint and support a circular economy. The company was founded in 2012 and is based in Tel Aviv, Israel.

E
Ensyn

Ensyn is a company focused on the production of renewable fuels and chemicals, operating within the energy and chemical industries. The company's main offerings include the production of heating fuels, refinery feedstocks, and renewable chemicals from non-food biomass using its proprietary thermal technology. Ensyn primarily serves the energy sector, providing low-carbon renewable fuels and chemicals. It was founded in 1979 and is based in Ottawa, Ontario.

Velocys Logo
Velocys

Velocys serves as a fuel technology company focused on the production of low-carbon synthetic aviation and road transport fuel. The company offers patented technology that converts waste materials into drop-in, net-zero sustainable aviation fuel, which is chemically identical to conventional fuels and can be used without engine modifications. It was founded in 2004 and is based in Oxford, United Kingdom.

Made of Air Logo
Made of Air

Made of Air is a climate-focused materials company operating in the industrial sector. The company's main offering is the production of carbon-negative materials from waste biomass, which can replace fossil materials and other composites in manufactured products. These materials, composed of carbon sequestered from the atmosphere, are used in a variety of sectors including mobility, consumer goods, and the built environment. It was founded in 2016 and is based in Berlin, Germany.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.