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Neste Oyj (NTOIF)
| Previous close | 22.85 |
| Open | 22.67 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 22.67 - 22.67 |
| 52-week range | 22.67 - 47.60 |
| Volume | |
| Avg. volume | 570 |
| Market cap | 17.486B |
| Beta (5Y monthly) | 0.86 |
| PE ratio (TTM) | 11.93 |
| EPS (TTM) | 1.90 |
| Earnings date | 25 Jul 2024 |
| Forward dividend & yield | 1.29 (5.70%) |
| Ex-dividend date | 01 Oct 2024 |
| 1y target est | N/A |
ReutersOil refiner Neste says CEO Matti Lehmus will be stepping down
Shares of Finland's Neste plummeted in February after the biofuels producer and oil refiner posted fourth-quarter operating profit below expectations and forecast a lower 2024 renewable products sales margin than last year's. Last November, Neste cut 400 jobs globally as it planned to save 50 million euros ($53.60 million) annually to prepare for increasing competition in renewable fuels. It also said it would merge its Renewable Aviation, Renewable Road Transportation and Renewable Polymers and Chemicals divisions into one and streamline its development portfolio.
ReutersNeste 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 SG
Apical sets sights on more sustainable aviation fuel in SE Asia, Europe
Apical Group is considering investing in one or two sustainable aviation fuel (SAF) projects in southeast Asia and Europe as demand for lower carbon fuels rises towards 2030, a senior company executive said. These could come on the back of recent investment in a 1.2 billion euros ($1.31 billion) joint venture with Spain's Cepsa to build southern Europe's largest biofuels plant. This will start operating in 2026 and aims to produce 500,000 metric tons per year (tpy) of renewable diesel and SAF.
