Neste’s minority owned Nynas AB has filed for company reorganisation
Neste Corporation, Press Release, 13 December 2019 at 5.30 p.m. (EET)
Nynas AB, where Neste is a minority-owner with a 49.99% ownership, has filed for company reorganisation on 13 December 2019. With this action Nynas’ Board of Directors is aiming to find a long-term solution to secure the operations of Nynas. The company’s operations have been severely impacted this year by the sanctions imposed on the majority-owner, Venezuela’s state-run PdVSA.
Vice President, Communications (act.)
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Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2018, Neste's revenue stood at EUR 14.9 billion. In 2019, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com