Latest news with #Neste
Yahoo
6 days ago
- Business
- Yahoo
Finland's Neste tops earnings forecast on soaring SAF sales
(Reuters) -Finnish biofuel maker and oil refiner Neste reported stronger than expected core earnings for the second quarter on Thursday, citing soaring sales of sustainable aviation fuel (SAF) aided by increased production capacity. Neste's comparable quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) rose 42% from a year earlier to 341 million euros ($401 million). Analysts in a company-provided consensus had expected 302.5 million euros on average. "Our sustainable aviation fuel sales increased close to 80% quarter on quarter, benefiting from additional SAF production capacity at our renewables refinery in Rotterdam," CEO Heikki Malinen said in a statement. The rise in SAF sales drove the sales volume in Neste's renewable products unit to a new quarterly record of 1,096 thousand tonnes. The unit's sales volume margin fell 5% to $361 per tonne, but exceeded analysts' forecast of $329 per tonne. "We saw positive developments in the biofuel regulation both in the US and EU, largely supporting long-term renewables demand," Malinen said. Hovever, he warned that the market environment was volatile and headwinds from global trade tensions were expected to continue. Neste has been battling an excess supply in the renewable fuels market, pressuring its sales volumes and leading to a reduction of around 510 jobs globally earlier in 2025. Alhough the group said it still expected its annual sales volumes to improve from 2024, it also forecast persisting oversupply in the renewable fuels market for the year. Oversupply, weak demand and high input costs had made Neste cut its forecast for the renewables sales margin three times in 2024. ($1 = 0.8500 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
6 days ago
- Business
- Reuters
Finland's Neste tops earnings forecast on soaring SAF sales
July 24 (Reuters) - Finnish biofuel maker and oil refiner Neste ( opens new tab reported stronger than expected core earnings for the second quarter on Thursday, citing soaring sales of sustainable aviation fuel (SAF) aided by increased production capacity. Neste's comparable quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) rose 42% from a year earlier to 341 million euros ($401 million). Analysts in a company-provided consensus had expected 302.5 million euros on average. "Our sustainable aviation fuel sales increased close to 80% quarter on quarter, benefiting from additional SAF production capacity at our renewables refinery in Rotterdam," CEO Heikki Malinen said in a statement. The rise in SAF sales drove the sales volume in Neste's renewable products unit to a new quarterly record of 1,096 thousand tonnes. The unit's sales volume margin fell 5% to $361 per tonne, but exceeded analysts' forecast of $329 per tonne. "We saw positive developments in the biofuel regulation both in the US and EU, largely supporting long-term renewables demand," Malinen said. Hovever, he warned that the market environment was volatile and headwinds from global trade tensions were expected to continue. Neste has been battling an excess supply in the renewable fuels market, pressuring its sales volumes and leading to a reduction of around 510 jobs globally earlier in 2025. Alhough the group said it still expected its annual sales volumes to improve from 2024, it also forecast persisting oversupply in the renewable fuels market for the year. Oversupply, weak demand and high input costs had made Neste cut its forecast for the renewables sales margin three times in 2024. ($1 = 0.8500 euros)
Business Times
15-07-2025
- Business
- Business Times
DHL Express and Neste sign deal for 7,400 tonnes of sustainable aviation fuel
[SINGAPORE] Finnish oil and fuel producer Neste will provide 7,400 tonnes, or around 9.5 million litres, of sustainable aviation fuel to parcel-delivery giant DHL Express in Singapore. By volume, the contract is one of the largest of its kind for the air cargo sector in Asia, and will last from July 2025 to June 2026. DHL Express did not comment on the cost of the deal. Neste will supply the fuel from its refinery in Singapore to five Boeing 777 freighters that operate from DHL Express' South Asia Hub at Changi Airport. The fuel provided will account for around 35 to 40 per cent of the total used by the fleet. The use of sustainable aviation fuel is expected to reduce carbon emissions from the fleet by around 24,000 tonnes over the duration of the contract. Reliance on this type of fuel is expected to increase in the region in the coming years as countries introduce usage targets for sustainable aviation fuel to reduce emissions in their aviation sectors. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up For example, Singapore aims for a 1 per cent target beginning in 2026, raising it to 3 to 5 per cent by 2030. Both India and South Korea aim for departing international flights to use 1 per cent of sustainable aviation fuel from 2027. Additionally, the International Civil Aviation Organization's Carbon Offsetting and Reduction Scheme for International Aviation, which will require airlines to offset their carbon emissions from flights, comes into force in 2027. In January, DHL Express signed its first sustainable aviation fuel deal in Asia with Cosmo Oil Marketing for the supply of 7.2 million litres of the fuel to its air freighters in Japan, beginning in April. In May, Singapore Airlines Group signed a deal with Neste for 1,000 tonnes of sustainable aviation fuel.
Yahoo
14-07-2025
- Business
- Yahoo
Next-Gen Feedstocks for Sustainable Chemicals Market Analysis Report 2025-2034
The global next-gen feedstocks for sustainable chemicals market is evolving rapidly as industries adopt circular economy principles. Fueled by environmental concerns and stricter emission regulations, this market focuses on using alternative materials like biomass, waste, and CO2. Key players such as Neste and Enerkem are pioneering waste-to-chemical technologies. Although challenges like high bio-feedstock costs persist, advancements in chemical recycling and carbon capture present innovation opportunities. North America leads in production growth due to robust sustainable chemical adoption. Major segments include bio-based feedstocks in chemicals and petrochemicals, with rising consumer demand propelling market momentum. Next-Gen Feedstocks for Sustainable Chemicals Market Dublin, July 14, 2025 (GLOBE NEWSWIRE) -- The "Next-Gen Feedstocks for Sustainable Chemicals Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to global next-gen feedstocks for sustainable chemicals market is forecast to reach $2.13 billion by 2034 from $532.8 million in 2025, growing at a CAGR of 16.7% The global next-gen feedstocks for sustainable chemicals market is experiencing significant transformation as industries increasingly embrace sustainable practices and circular economy principles. This market focuses on the development and utilization of alternative raw materials such as biomass, waste, and captured carbon dioxide to produce chemicals, polymers, and fuels. Key factors driving market growth include growing environmental concerns, tightening regulations on emissions, and heightened consumer demand for eco-friendly products. Companies are under pressure to shift from traditional fossil-based feedstocks to renewable and circular alternatives. Technological advancements in areas like carbon capture, chemical recycling, and synthetic biology are enabling the efficient conversion of waste and other unconventional materials into valuable companies, such as Neste and Enerkem, are leading efforts in waste-to-chemical technologies, underscoring the growing importance of sustainable feedstock solutions. However, challenges such as the high cost of bio-based feedstocks, scalability issues, and infrastructure gaps persist. Despite these hurdles, the market presents considerable opportunities for innovation, especially as industries continue to align with sustainability goals and advance new technologies. The transition to next-gen feedstocks is seen as a crucial step in building a sustainable future for the chemicals Lifecycle StageThe next-gen feedstocks for sustainable chemicals Market is currently in the growth stage of its lifecycle. While the concept of sustainable feedstocks is not new, the market has seen a rapid increase in investments, technological advancements, and commercial interest in recent years. This growth is largely driven by the urgent need to transition away from fossil-based resources toward renewable and circular alternatives due to mounting environmental concerns and stricter innovations in areas such as bio-based chemicals, chemical recycling, and carbon capture are making these feedstocks more viable for large-scale production. Additionally, corporate sustainability commitments and rising consumer demand for eco-friendly products are propelling the adoption of next-gen feedstocks across various industries. Key Market Players and Competition SynopsisThe companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary next-gen feedstocks for sustainable chemicals market comprises key players who have established themselves thoroughly and have the proper understanding of the market, accompanied by start-ups who are looking forward to establishing themselves in this highly competitive next-gen feedstocks for sustainable chemicals market. With the growth in advancements in recycling technologies among the nations, more players will enter the global next-gen feedstocks for sustainable chemicals market with each passing year. Demand Drivers and Limitations The following are the demand drivers for the global Next-Gen Feedstocks for Sustainable Chemicals market: Growing Demand for Sustainable and Eco-friendly Products Increasing Regulatory Pressure for Sustainable Practices The global Next-Gen Feedstocks for Sustainable Chemicals market is expected to face some limitations as well due to the following challenges: High Production Costs of Bio-based Feedstocks Limited Recycling Infrastructure Next-Gen Feedstocks for Sustainable Chemicals Market Segmentation End-User: The Chemicals and Petrochemicals is one of the prominent application segments in the global next-gen feedstocks for sustainable chemicals market. Chemicals and Petrochemicals Pharmaceuticals Energy Paper and Pulp Building and Construction Others Feedstock: The global next-gen feedstocks for sustainable chemicals market is estimated to be led by the Bio-based Feedstock segment in terms of type. Bio-based Feedstock Lignocellulosic Non-Lignocellulosic Municipal Waste Agricultural and Forestry Waste Carbon Capture and Utilization Others Region: In the next-gen feedstocks for sustainable chemicals market, North America is anticipated to gain traction in terms of Next-Gen feedstocks production, owing to the continuous growth in the adoption of sustainable chemicals and the presence of key manufacturers in the regions. North America - U.S., Canada, and Mexico Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan Rest-of-the-World - South America and Middle East and Africa Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $532.8 Million Forecasted Market Value (USD) by 2034 $2130 Million Compound Annual Growth Rate 16.6% Regions Covered Global Market Dynamics Trends: Current and Future Impact Assessment Stakeholder Analysis Use Case End User and Buying Criteria Market Dynamics Overview Market Drivers Market Restraints Market Opportunities Regulatory & Policy Impact Analysis Technological Innovations Green chemistry principles Circular economy approaches Advanced recycling technologies Electrification of chemical processes Digitalization and AI in chemical design Synthetic biology and metabolic engineering Patent Analysis Start-Up Landscape Investment Landscape and R&D Trends Future Outlook and Market Roadmap Supply Chain Analysis Value Chain Analysis Global Pricing Analysis Industry Attractiveness Competitive Landscape NatureWorks LLC Aker Carbon Capture ASA Darling Ingredients Inc. Drax Group PLC Enerkem Genan Holding A/S Neste Oyj Poet, LLC Resourceco Sustainable Feedstocks Group Overview Top Products/Product Portfolio Top Competitors Target Customers Key Personnel Analyst View Market Share For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Next-Gen Feedstocks for Sustainable Chemicals Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Next-Gen Feedstocks for Sustainable Chemicals Market Analysis Report 2025-2034
The global next-gen feedstocks for sustainable chemicals market is evolving rapidly as industries adopt circular economy principles. Fueled by environmental concerns and stricter emission regulations, this market focuses on using alternative materials like biomass, waste, and CO2. Key players such as Neste and Enerkem are pioneering waste-to-chemical technologies. Although challenges like high bio-feedstock costs persist, advancements in chemical recycling and carbon capture present innovation opportunities. North America leads in production growth due to robust sustainable chemical adoption. Major segments include bio-based feedstocks in chemicals and petrochemicals, with rising consumer demand propelling market momentum. Next-Gen Feedstocks for Sustainable Chemicals Market Dublin, July 14, 2025 (GLOBE NEWSWIRE) -- The "Next-Gen Feedstocks for Sustainable Chemicals Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to global next-gen feedstocks for sustainable chemicals market is forecast to reach $2.13 billion by 2034 from $532.8 million in 2025, growing at a CAGR of 16.7% The global next-gen feedstocks for sustainable chemicals market is experiencing significant transformation as industries increasingly embrace sustainable practices and circular economy principles. This market focuses on the development and utilization of alternative raw materials such as biomass, waste, and captured carbon dioxide to produce chemicals, polymers, and fuels. Key factors driving market growth include growing environmental concerns, tightening regulations on emissions, and heightened consumer demand for eco-friendly products. Companies are under pressure to shift from traditional fossil-based feedstocks to renewable and circular alternatives. Technological advancements in areas like carbon capture, chemical recycling, and synthetic biology are enabling the efficient conversion of waste and other unconventional materials into valuable companies, such as Neste and Enerkem, are leading efforts in waste-to-chemical technologies, underscoring the growing importance of sustainable feedstock solutions. However, challenges such as the high cost of bio-based feedstocks, scalability issues, and infrastructure gaps persist. Despite these hurdles, the market presents considerable opportunities for innovation, especially as industries continue to align with sustainability goals and advance new technologies. The transition to next-gen feedstocks is seen as a crucial step in building a sustainable future for the chemicals Lifecycle StageThe next-gen feedstocks for sustainable chemicals Market is currently in the growth stage of its lifecycle. While the concept of sustainable feedstocks is not new, the market has seen a rapid increase in investments, technological advancements, and commercial interest in recent years. This growth is largely driven by the urgent need to transition away from fossil-based resources toward renewable and circular alternatives due to mounting environmental concerns and stricter innovations in areas such as bio-based chemicals, chemical recycling, and carbon capture are making these feedstocks more viable for large-scale production. Additionally, corporate sustainability commitments and rising consumer demand for eco-friendly products are propelling the adoption of next-gen feedstocks across various industries. Key Market Players and Competition SynopsisThe companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary next-gen feedstocks for sustainable chemicals market comprises key players who have established themselves thoroughly and have the proper understanding of the market, accompanied by start-ups who are looking forward to establishing themselves in this highly competitive next-gen feedstocks for sustainable chemicals market. With the growth in advancements in recycling technologies among the nations, more players will enter the global next-gen feedstocks for sustainable chemicals market with each passing year. Demand Drivers and Limitations The following are the demand drivers for the global Next-Gen Feedstocks for Sustainable Chemicals market: Growing Demand for Sustainable and Eco-friendly Products Increasing Regulatory Pressure for Sustainable Practices The global Next-Gen Feedstocks for Sustainable Chemicals market is expected to face some limitations as well due to the following challenges: High Production Costs of Bio-based Feedstocks Limited Recycling Infrastructure Next-Gen Feedstocks for Sustainable Chemicals Market Segmentation End-User: The Chemicals and Petrochemicals is one of the prominent application segments in the global next-gen feedstocks for sustainable chemicals market. Chemicals and Petrochemicals Pharmaceuticals Energy Paper and Pulp Building and Construction Others Feedstock: The global next-gen feedstocks for sustainable chemicals market is estimated to be led by the Bio-based Feedstock segment in terms of type. Bio-based Feedstock Lignocellulosic Non-Lignocellulosic Municipal Waste Agricultural and Forestry Waste Carbon Capture and Utilization Others Region: In the next-gen feedstocks for sustainable chemicals market, North America is anticipated to gain traction in terms of Next-Gen feedstocks production, owing to the continuous growth in the adoption of sustainable chemicals and the presence of key manufacturers in the regions. North America - U.S., Canada, and Mexico Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan Rest-of-the-World - South America and Middle East and Africa Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $532.8 Million Forecasted Market Value (USD) by 2034 $2130 Million Compound Annual Growth Rate 16.6% Regions Covered Global Market Dynamics Trends: Current and Future Impact Assessment Stakeholder Analysis Use Case End User and Buying Criteria Market Dynamics Overview Market Drivers Market Restraints Market Opportunities Regulatory & Policy Impact Analysis Technological Innovations Green chemistry principles Circular economy approaches Advanced recycling technologies Electrification of chemical processes Digitalization and AI in chemical design Synthetic biology and metabolic engineering Patent Analysis Start-Up Landscape Investment Landscape and R&D Trends Future Outlook and Market Roadmap Supply Chain Analysis Value Chain Analysis Global Pricing Analysis Industry Attractiveness Competitive Landscape NatureWorks LLC Aker Carbon Capture ASA Darling Ingredients Inc. Drax Group PLC Enerkem Genan Holding A/S Neste Oyj Poet, LLC Resourceco Sustainable Feedstocks Group Overview Top Products/Product Portfolio Top Competitors Target Customers Key Personnel Analyst View Market Share For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Next-Gen Feedstocks for Sustainable Chemicals Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
