Neste opens an office in Australia
The Finnish oil company is looking to increase its access to waste and residual raw material to produce renewable diesel.
Neste, the world’s leading provider of renewable diesel, strengthens its footprint in renewable feedstock sourcing. The company has opened an office in Melbourne to serve Neste’s waste and residue raw material sourcing operations in Australia and New Zealand.
“The opening of our new office in Australia marks another important step in Neste’s global growth strategy. Our aim is to become a global leader in renewable and circular solutions. By opening a local office, we are better placed to cooperate closely with our partners to secure the supply of waste and residue raw materials,” says Matti Lehmus, Executive Vice President of Renewables Platform at Neste.
“Different waste and residues account for approximately 80% of our renewable raw materials globally. With our own proprietary NEXBTL technology, renewable products can be refined flexibly from a wide variety of low-quality raw materials while the end-products retain their high quality. They support our customers in reducing their climate emissions,” Lehmus adds.
Neste has renewable diesel production facilities in Singapore, the Netherlands and Finland. The company’s renewable products production capacity is today close to 3 million tons annually. The ongoing Singapore capacity expansion will bring the total renewable production capacity of Neste to 4.5 million tons annually in 2022.
Neste’s Australia office is registered as a fully-owned subsidiary of Neste, located in the city center of Melbourne.
