Neste Oyj (Neste Oyj), formerly known as Naste Petroleum Company, is an oil refining and marketing company located in Espoo, Finland.
Nast produces, refines and sells petroleum products, provides engineering services, and licenses production technology. The company has operations in 14 countries/regions and has more than 5,000 employees. It is the world’s largest producer of renewable diesel.
NASDAQ shares are listed on the Nasdaq OMX Helsinki Stock Exchange. As of 2017, the Finnish government is its largest shareholder, holding 50.1% of the shares.
Nast owns traditional refineries in Porvoo and Naantali, Finland, and two renewable diesel refineries in Singapore and Rotterdam, the Netherlands. Nast’s production facility in Singapore is the world’s largest renewable diesel refinery with an annual production capacity of 1.1 million tons. The planned new production line is expected to increase its production capacity by 1 million tons by 2022.
Nast owns about 800 gas stations in Finland and about 240 gas stations in Estonia, Latvia, Lithuania and northwestern Russia. In the summer of 2013, Nast was named the most respected service station brand in Finland in a survey of Finnish brands by Taloustutkimus and Markkinointi & Mainonta.
In 2017, Nast’s revenue was 13.217 billion euros, operating income was 1.171 billion euros, net income was 914 million euros, total assets were 7.793 billion euros, and a total of 5297 employees.
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