US EditionNeste rows back on climate commitments
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3 Articles
Neste, one of the world’s leading producers of renewable diesel and sustainable aviation fuel (SAF), has reviewed some of its climate objectives due to its current financial situation and the rationalization of its investment portfolio. “Achieving the original climate targets in the ambitious years previously announced would have required significant investments that are currently unrealistic,” said Heikki Malinen, Neste’s president and CEO. Nes…
Neste's original carbon footprint reduction goals were based on a plan to transform the Porvoo oil refinery into a renewable and circular economy refinery by 2035. The company announced earlier this year that the transformation of the Porvoo refinery would be delayed.
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