Neste Oyj

Neste Corporation's Shareholders' Nomination Board, formed by a decision at the company's Annual General Meeting (AGM), has proposed changes to the Board of Directors for the 2025 AGM. The proposal suggests maintaining the Board at eight members, re-electing six current members, and introducing two new members, Anna Hyvönen and Essimari Kairisto. Matti Kähkönen, the current Chair, will step down, with Pasi Laine proposed as the new Chair and John Abbott as Vice Chair. Johanna Söderström will not seek re-election, and Eeva Sipilä will resign as she takes on the role of CFO. The Nomination Board emphasized the need for strategic updates due to changes in the global market environment. Board remuneration is set to align with market levels by 2026, with a portion paid in shares. The Nomination Board consists of representatives from the three largest shareholders and made its proposals unanimously. The proposals will be included in the notice for the 2025 AGM. Neste aims to lead in sustainable aviation fuel and renewable diesel production, with goals for carbon neutrality and significant emission reductions. In 2023, Neste reported a revenue of EUR 22.9 billion.

Neste Corporation announced that it received a notification from BlackRock, Inc. indicating a decrease in its holdings in Neste to below 5% of the total shares and voting rights, excluding certain financial instruments. Including these instruments, BlackRock's holdings amount to 5.19% of Neste's total shares. Neste has 769,211,058 shares, each with one vote. Neste is a leader in renewable fuels and aims to significantly 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 BlackRock, Inc.'s holdings in Neste have exceeded 5% of the company's total shares and voting rights as of November 25, 2024. BlackRock's total holdings, including financial instruments, amount to 5.15% of Neste's shares. Neste Corporation has 769,211,058 shares, each with one vote. Neste is a leader in renewable fuels and circular raw materials, aiming to reduce greenhouse gas emissions significantly by 2030 and achieve carbon-neutral production by 2035. The company is recognized for its sustainability efforts and reported a revenue of EUR 22.9 billion in 2023.

Neste Corporation announced that its Rotterdam refinery was shut down due to a fire on November 8, 2024. The fire was extinguished without any injuries, and an investigation is underway. The refinery's production is expected to be halted for several weeks, affecting renewable diesel deliveries. Consequently, Neste has revised its 2024 sales volume guidance for Renewable Products to approximately 3.7 million tons, down from the previous estimate of 3.9 million tons. The sales margin guidance remains unchanged. The incident does not impact the refinery's expansion project. Neste continues to focus on sustainability, aiming for carbon-neutral production by 2035 and a significant reduction in greenhouse gas emissions. In 2023, Neste reported a revenue of EUR 22.9 billion.

Neste Corporation announced that BlackRock and related entities have reduced their holdings in Neste to below 5% of the total shares and voting rights, as of November 1, 2024. Neste has 769,211,058 shares, each with one vote. The notification was received under the Finnish Securities Market Act. Neste is a leader in renewable fuels and circular economy solutions, aiming to significantly reduce greenhouse gas emissions and achieve carbon-neutral production by 2035. In 2023, Neste reported a revenue of EUR 22.9 billion. For more details, contact Neste's media service.