Neste : The name of the Neste Oil station network will change to Neste

Neste Corporation
Press Release
29 March 2016 at 12 am. (EET)

The name of the Neste Oil station network will change to Neste

The official name of Neste Oil was changed to Neste Corporation in June 2015. The word 'oil' no longer illustrated the company, in which products based on renewable raw materials have become an increasingly important part of the business. Now, the name of the Neste Oil station chain will be changed to Neste in Finland, the Baltic countries and Russia.

'Reaching the name change for our station chain reflects the important position of the station network in the company's customer experience. By operating under a single name, we are all parts of a single company, building a single brand,' says Antti Tiitola, Executive Vice President of Oil Retail Business Area at Neste.

'The Neste station network is currently under heavy development, particularly in terms of services. We are offering high-quality fuels refined in Finland and we have exhaustively analyzed what else our customers expect from our stations. By taking the needs of mobile customers into account through an even better and more customized range of products and services, we believe that we are able to offer a superior customer experience. Together with our partners, our aim is to be number one when it comes to traffic stations,' Tiitola says.

The process to change the names of stations will begin in April and will be completed in October. At the end of 2015, Neste had 790 stations in Finland and 258 stations in north-western Russia in the St. Petersburg region, and in Estonia, Latvia and Lithuania.

Neste Corporation

Kaisa Lipponen
Director, Corporate Communications

For additional information, please contact:
Antti Tiitola, Executive Vice President, Oil Retail Business Area, tel. [phone]

Neste in brief

Neste is a pioneer in oil refining and renewable solutions. We provide our customers with premium-quality products for cleaner traffic and industrial products based on world-class research. We are the world's leading producer of renewable diesel, and our annual production capacity is more than 2 million tons. We also are the world's largest company providing renewable fuel from waste and residues. Our sustainable operations have received recognition in the Dow Jones Sustainability World Index and the Global 100 list of the world's most sustainable companies, among others. Our net sales for 2015 amounted to approximately EUR 11 billion, and our shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by about 5,000 professionals. More information: neste.com/en