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

Neste Oyj : supplies DHL Express with sustainable aviation fuel at San Francisco International Airport

12/21/2020 | 08:31am EDT
Neste, the world's leading provider of renewable diesel and sustainable aviation fuel (SAF) has signed an agreement to supply SAF to DHL Express, the express service arm of Deutsche Post DHL Group, world's leading mail and logistics company. The Group is renowned as a pioneer of green logistics, utilising its expertise to make the logistics of its customers greener and more sustainable. Through this agreement Neste has commenced supply of sustainable aviation fuel with immediate effect to DHL Express at San Francisco International Airport (SFO).

Earlier this year Neste established a continuous supply of sustainable aviation fuel to SFO. Neste MY Sustainable Aviation FuelTM has been made available for all commercial, cargo, business and private aviation operators at SFO, with commitments in place to use SAF from major commercial and business airlines. This deal will see DHL Express become the first cargo operator to use Neste MY Sustainable Aviation Fuel on flights departing from SFO and will enable them to contribute to their climate protection target to reduce all logistics-related emissions to zero by the year 2050*.

"DHL has set the goal of achieving zero logistics-related emissions by 2050. To reach this ambitious target and support our customers with their own vision of a greener supply chain in the future, we are exploring innovative solutions across every part of our network. Sustainable aviation fuels have great potential to further increase the environmental efficiency of our air network and we are therefore very excited to begin this collaboration with Neste out of San Francisco International Airport," said Mike Parra, CEO, DHL Express Americas.

"We are committed to supporting our customers to meet their climate and carbon neutrality targets and reduce greenhouse gas emissions with our sustainable aviation fuel (SAF). Despite the difficult current situation, the aviation industry is showing increased commitment to investing in sustainable aviation fuel," says Jonathan Wood, Vice President, Renewable Aviation at Neste. "The cargo aviation sector is essential for global business, generating growth and facilitating economic recovery. As the transportation of goods is an essential part of a strong economy, we need solutions which both enable its growth and reduce emissions immediately. We are proud to be now collaborating with DHL Express and support them in their highly ambitious emission reduction targets."

Neste MY Sustainable Aviation Fuel

Neste's SAF is made from sustainably sourced, renewable waste and residue raw materials. Typically, in its neat form and over the life cycle, its use can reduce up to 80% of greenhouse gas emissions compared to fossil jet fuel use**.

Neste MY Sustainable Aviation Fuel gives an immediate solution for reducing the direct greenhouse gas emissions of flying. It can be used as a drop-in fuel with existing aircraft engines and airport infrastructure, requiring no extra investment. Prior to use, Neste MY Sustainable Aviation Fuel is blended with fossil jet fuel and is then certified to meet ASTM jet fuel specifications.

Neste's sustainable aviation fuel annual capacity is currently 100,000 tons (approximately 34 million gallons). With the Singapore refinery expansion on the way, and with possible additional investment into the Rotterdam refinery, Neste will have the capacity to produce some 1.5 million tons (515 million gallons) of SAF annually by 2023. Neste is actively working with partners through the supply chain to grow the availability of SAF for the aviation industry globally. The fuel is already available, used in the market and supplied to various commercial airlines, business aviation customers and at various airports in Europe and North America.

*) DHL: Mission 2050 - Zero emissions
**) The method used to calculate life cycle emissions and emission reduction complies with the EU Renewable Energy Directive (2009/28/EC).

Neste Corporation

Susanna Sieppi
Vice President, Communications

For more information, please contact: Neste's media service, tel. +358 50 458 5076 / media@neste.com (weekdays between 8.30 a.m. and 4.00 p.m. EET).

Neste in brief

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. In 2019, Neste's revenue stood at EUR 15.8 billion, with 82% of the company's comparable operating profit coming from renewable products. Read more: neste.com

Disclaimer

Neste Oyj published this content on 21 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2020 13:30:05 UTC


© Publicnow 2020
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