Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Neste Oyj
  6. News
  7. Summary
    NESTE   FI0009013296

NESTE OYJ

(NESTE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Finland's Neste to build biofuels refinery in Rotterdam

03/15/2021 | 04:32am EDT

HELSINKI (Reuters) - Finnish biofuel producer and oil refiner Neste on Monday said it has chosen the Dutch port of Rotterdam as the location for its next renewable products refinery.

Neste said the new plant will be around the same size as the 1.5 billion euro ($1.79 billion) refinery expansion it is currently building in Singapore, which the company described as its biggest investment so far.

The Singapore unit produces renewable fuels, mainly from waste and residues such as used cooking oil, animal fat from food industry waste, fish fat from fish processing waste and residues from vegetable oil processing.

After a thorough study, Rotterdam was chosen as location for a European refinery over Finland's Porvoo due to lower costs, the company said.

The decision will come as a disappointment to the Finnish government which owns 44.2% of the company and had hoped the new refinery would bring jobs and tax income to Finland.

Neste said it expects to make a final investment decision in late 2021 or early 2022.

(Reporting by Essi Lehto, editing by Terje Solsvik)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -1.08% 73 Delayed Quote.43.56%
NESTE OYJ -1.35% 52.78 Delayed Quote.-9.57%
WTI -0.88% 70.949 Delayed Quote.50.22%
All news about NESTE OYJ
07:37aNESTE OYJ  : Scoops Green Aviation Fuel Order From Boston Consulting Group
MT
06:30aNESTE OYJ  : and Boston Consulting Group announce new sustainable aviation fuel ..
PU
04:44aNESTE OYJ  : Signs Commercial Agreement With LyondellBasell On Feedstock
MT
03:46aNESTE OYJ  : and LyondellBasell agree on long-term commercial relationship to ma..
PU
06/11NESTE OYJ  : Targets 100% Renewable Energy Use by 2023
MT
06/11NESTE OYJ  : is aiming for 100% renewable electricity use globally by 2023 Β..
PU
06/09NESTE OYJ  : and ITOCHU Corporation collaborate on first delivery of renewable d..
PU
06/03New Exxon board member Hietala brings business transformation experience
RE
06/03UK's Heathrow Airport to use renewable jet fuel for first time
RE
06/03NESTE OYJ  : To Supply Green Aviation Fuel To Heathrow Airport
MT
More news
Financials
Sales 2021 12 812 M 15 254 M 15 254 M
Net income 2021 1 240 M 1 476 M 1 476 M
Net Debt 2021 177 M 211 M 211 M
P/E ratio 2021 33,1x
Yield 2021 1,51%
Capitalization 40 533 M 48 294 M 48 259 M
EV / Sales 2021 3,18x
EV / Sales 2022 2,90x
Nbr of Employees 4 780
Free-Float 53,6%
Chart NESTE OYJ
Duration : Period :
Neste Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NESTE OYJ
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 55,88 €
Last Close Price 52,78 €
Spread / Highest target 42,1%
Spread / Average Target 5,88%
Spread / Lowest Target -31,8%
EPS Revisions
Managers and Directors
NameTitle
Peter Vanacker President & Chief Executive Officer
Jyrki Mikael Mäki-Kala CFO, Head-Information Technology & Strategy
Matti Kähkönen Chairman
Lars Peter Lindfors Senior Vice President-Innovation
Willem Jan Antoon Schoeber Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
NESTE OYJ-9.57%49 790
EXXON MOBIL CORPORATION55.51%271 370
CHEVRON CORPORATION29.86%211 450
RELIANCE INDUSTRIES LTD11.40%191 542
BP PLC29.10%93 502
CHINA PETROLEUM & CHEMICAL CORPORATION19.02%83 906