Neste Corporation announced on 19 September 2024 that it received a notification from BlackRock, Inc. under the Finnish Securities Market Act. BlackRock's holdings in Neste Corporation, excluding certain financial instruments, fell below 5% of the total shares and voting rights as of 18 September 2024. Including these financial instruments, BlackRock's holdings amount to 5.31%. Neste Corporation has 769,211,058 shares, each granting one vote. Neste Corporation is a leader in renewable fuels and circular raw materials, aiming to reduce greenhouse gas emissions by 20 million tons annually by 2030. The company plans to make its Porvoo refinery the most sustainable in Europe and achieve carbon-neutral production by 2035. Neste's 2023 revenue was EUR 22.9 billion. For more information, visit neste.com.
Neste Corporation announced on 18 September 2024 that it has received a notification from BlackRock, Inc. under Chapter 9, Section 10 of the Finnish Securities Market Act. The notification indicates that BlackRock's aggregate holdings in Neste Corporation, excluding certain financial instruments, exceeded 5% of the total shares and voting rights as of 17 September 2024. Including these financial instruments, BlackRock's holdings amount to 5.38% of Neste's total shares. Neste Corporation has 769,211,058 shares, each granting one vote. For more information, contact Neste's media service. Neste is a leader in renewable fuels and circular raw materials, with a commitment to sustainability and reducing greenhouse gas emissions. The company aims for carbon-neutral production by 2035 and significant reductions in carbon emission intensity by 2040. In 2023, Neste's revenue was EUR 22.9 billion.
Neste Corporation announced that BlackRock, Inc. has decreased its holdings in Neste to below 5% of the total shares and voting rights as of September 10, 2024. However, including financial instruments, BlackRock's total holdings amount to 5.27% of Neste's shares. Neste's share stock consists of 769,211,058 shares, each with one vote. The notification details the direct and indirect holdings of shares and voting rights and mentions the chain of controlled undertakings. Neste Corporation is a leader in renewable fuels and circular economy solutions, aiming to significantly reduce greenhouse gas emissions and achieve carbon-neutral production by 2035. The company reported a revenue of EUR 22.9 billion in 2023 and is recognized for its sustainability efforts.
Neste Corporation has revised its 2024 guidance for Renewable Products downward due to a significant drop in diesel prices during the third quarter, while prices for waste and residue feedstock have not decreased, and market price premiums for renewable products have remained weak. The company has adjusted its sales volume and SAF (Sustainable Aviation Fuel) sales volume forecasts and will optimize production capacity based on market conditions. The updated 2024 guidance for Renewable Products anticipates a total sales volume increase from 2023, reaching approximately 3.9 million tons (±5%), with SAF sales volume expected to be between 0.35 and 0.55 million tons. The average comparable sales margin for the full year is projected to be between USD 360 and 480 per ton. The previous guidance had expected a total sales volume of around 4.4 million tons (±10%), with SAF sales volume ranging from 0.5 to 0.7 million tons, and an average comparable sales margin between USD 480 and 580 per ton. The guidance for Oil Products in 2024 remains unchanged. For more information, contact Anssi Tammilehto, Vice President of Investor Relations, or Neste's media service. Neste is a leader in renewable fuels and circular raw materials, aiming for significant reductions in greenhouse gas emissions and carbon-neutral production by 2035. In 2023, Neste's revenue was EUR 22.9 billion.
Neste Corporation announced that it received a notification from BlackRock, Inc. on 9 September 2024, indicating that BlackRock's holdings in Neste have exceeded 5% of the total shares and voting rights, reaching 5.37% when including financial instruments. Neste Corporation has a total of 769,211,058 shares, each granting one vote. For more details, contact Neste's media service or visit their website. Neste is a leading producer of sustainable aviation fuel and renewable diesel, aiming to reduce greenhouse gas emissions and achieve carbon-neutral production by 2035. In 2023, Neste's revenue was EUR 22.9 billion.
Neste Corporation announced that Heikki Malinen will assume the role of President and CEO on 15 October 2024, succeeding Matti Lehmus, who will continue in the position until 14 October 2024 and then act as an advisor until mid-November 2024. Matti Kähkönen, Chair of the Board, expressed confidence in Malinen's ability to lead the company and thanked Lehmus for his significant contributions. Neste aims to be a leader in renewable fuels and circular economy solutions, with goals including carbon-neutral production by 2035 and reducing product carbon intensity by 50% by 2040. In 2023, Neste's revenue was EUR 22.9 billion.