Welcome to our dedicated page for Neste Oil news (Ticker: NTOIF), a resource for investors and traders seeking the latest updates and insights on Neste Oil stock.
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Neste Corporation has announced a joint venture with Marathon Petroleum to produce renewable diesel at Marathon's refinery in Martinez, California. The venture represents an investment of approximately EUR 0.9 billion (USD 1.0 billion) and aims to enhance Neste's renewable product capacity by over 1 million tons annually. Production is expected to start in late 2022, reaching full capacity of 2.1 million tons by the end of 2023. This partnership aligns with Neste's commitment to sustainability and carbon emissions reduction, targeting a reduction of 20 million tons of CO2 annually by 2030.
Neste MY Renewable Diesel has become the first renewable diesel brand to receive the TOP TIER™ Diesel Fuel certification, reaffirming its high quality and performance. This certification, backed by major engine manufacturers, signifies Neste's commitment to developing premium renewable diesel that does not compromise performance. The renewable diesel helps fleet operators cut greenhouse gas emissions without additional costs or modifications to engines. Available at over 1,400 delivery points in the U.S., Neste aims to meet growing demand for cleaner fuels.
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