Inside information: Neste revises downwards its 2024 comparable sales margin guidance for Renewable Products

Neste Corporation, Stock Exchange Release / Inside Information, 14 May 2024 at 7.45 p.m. (EET)

Neste revises downwards its 2024 comparable sales margin guidance for Renewable Products. 

The revised 2024 comparable sales margin guidance for Renewable Products is: “Renewable Products’ full-year 2024 average comparable sales margin is expected to be in the range of USD 480–650/ton.”

The previous 2024 comparable sales margin guidance for Renewable Products was: “Renewable Products’ full-year 2024 average comparable sales margin is expected to be in the range of USD 600–800/ton”.

The rest of the guidance for Renewable Products as well as the guidance for Oil Products remain unchanged.

Renewable Products’ sales price outlook is affected by a decrease in the diesel market price and a continued decrease in US bioticket and renewable credit prices during the second quarter, while waste and residue feedstock prices have remained stable. 

Neste Corporation

Susanna Sieppi
Vice President, Communications and Brand (act.)

Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET).

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.

As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.

The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com