Neste Oyj

The loan has been provided to Finnish Neste Oyj to finance investments related to research and development (R&D) activities and the company’s liquefied waste plastics investment in Porvoo, Finland. The loan comprises a EUR 150 million committed tranche and a EUR 100 million uncommitted tranche.

R&D is at the core of Neste’s operations and focuses on developing solutions to increase the use of renewable fuels. The liquefied waste plastics investment is related to Neste’s initiative to upgrade waste plastic into high‑quality feedstock at its refinery in Porvoo. The investment supports circular economy objectives and contributes to emissions reduction goals.

Neste produces renewable diesel and sustainable aviation fuel (SAF), with production on three continents. Neste also produces high-quality oil products at its Porvoo refinery in Finland. The company has a network of nearly 1,000 fuel stations with an expanding service offering, including EV charging, in Finland and in the Baltics.

Neste’s R&D focuses on developing solutions that improve cost competitiveness through increased flexibility. This includes technologies that enable the processing of lower‑quality waste and residues such as lignocellulosic materials and liquefied waste plastic, into high‑quality end products. While no direct emissions reductions can be quantified for R&D investments, these activities are classified as Cleantech, as they support the climate transition and the circular economy.

The agreed financing is aligned with the Bank’s Sustainability Policy.