Neste Oil
Neste Oil Oyj is a petroleum company from Finland. The company is based in Espoo.
Company Profile
The company employs approximately 5,000 employees and is listed on the OMX Helsinki 25 financial index.
Neste Oil is divided into four areas Company: Oil refinery, petrochemical components, sale of petroleum and water transport.
Its products include gasoline, diesel fuel, fuel for aircraft and ships, bitumen, fuel oil, and the like based on petroleum products.
Neste Oil owns 900 petrol stations in Finland and around 1980 service stations in the Baltic States, Russia and Poland. Refineries are located in Porvoo and Naantali and close to various projects in the Baltic States and in the United States.
The company manufactures in two plants in Porvoo, Finland biodiesel after the company's proprietary NExBTL technology ( "Next Generation Biomass- to-liquid " ) here, which can utilize a wide variety of raw materials according to the company, including palm oil, rapeseed oil and animal fats. In early 2008 began Neste Oil to build a third plant for biodiesel production in Singapore. At its completion in late 2010, this plant was the world's largest biodiesel plant with a capacity of 800,000 tons per year. With the construction of a similar sized plant in the Maasvlakten region in the western part of the Rotterdam port began in June 2008; The plant was commissioned in September 2011.
The company is the main sponsor of the internationally significant Rally Finland, whose official name was changed in 1994 to Neste Rally Finland.
History
As a first state established company Neste Oil was in the 1990s on the stock market. By far the largest single shareholder and majority shareholder with a 50.1 % share today the Finnish State (as of 31 July 2008). The next largest shareholder holds less than 3%.
Criticism
Environmental organizations have criticized that biodiesel from palm oil is sold in Europe with the misleading name " Neste Green diesel ". The CO2 balance of agro fuel from Neste is worse than those of conventional diesel. The high demand and subsidies of biofuels in the EU and the U.S. had, according to the Public Eye Awards, for example, in Indonesia and Malaysia, more and more expropriations and the destruction of the rainforest result. The chemicals needed for production poison human like nature and habitats of endangered species such as the orang -utan are destroyed. In addition, food is more expensive due to the use of arable land for biofuels. Because this production, even if it is carried out by suppliers, just was not sustainable, Neste was awarded by the Public Eye Awards of Negative Award 2011 supported by Greenpeace.