Neste Oyj (0O46.IL)
- Reuters
Neste to supply renewable raw materials to S Korea's Lotte Chemical
Finland's Neste said on Monday it will provide renewable raw materials to Lotte Chemical's plants in South Korea in a collaboration to produce chemicals and plastics with lower emissions. The plastics and chemicals produced may be used in multiple applications, such as packaging, construction, textiles and electronics, Neste said in a press release. "We are looking forward to increasing the share of renewable solutions in collaboration with Lotte Chemical," said Jeroen Verhoeven, Neste's vice president of value chain development for renewable polymers and chemicals.
- Reuters
Workers threaten 2-day strike at Neste oil refinery in Finland
Finland's Industrial Union said on Thursday it planned two days of labour strike action at Neste's Porvoo oil refinery, likely shutting the plant's production unless the government agrees to change its proposed labour market reforms. "We hope that the suspension of oil refining will make the government realise that it cannot put the entire burden of public finances on the shoulders of workers," shop steward Sami Ryynanen at the Porvoo refinery said in a statement. A strike at Porvoo is scheduled for Feb. 1-2 of 2024, the Industrial Union said.
- PR Newswire
Neste's crude oil refinery in Finland to be gradually transformed into a renewables and circular solutions refining hub
Neste has completed the strategic study launched in September 2022, and begins a gradual transformation of its crude oil refinery in Porvoo, Finland into a leading renewable and circular solutions refining hub. The planned transformation will proceed in phases, and requires multiple separate investment decisions during the next decade before targeted completion in the mid 2030s.
