Neste Expects Demand For Renewable Fuels To Grow In 2025
Oct 24 (Reuters) -Neste Oyj NESTE.HE:
DEMAND FOR RENEWABLE FUELS IS EXPECTED TO GROW IN 2025
IN RENEWABLE PRODUCTS, BIOTICKET AND RENEWABLE CREDIT PRICES AND RENEWABLE DIESEL PRICE PREMIUMS EXPECTED TO REMAIN AT LOW LEVEL VERSUS 2023
VOLUNTARY SAF DEMAND HAS SO FAR NOT BEEN REALIZED AS EXPECTED
2024 OUTLOOK: RENEWABLE PRODUCTS' TOTAL SALES VOLUME IS EXPECTED TO INCREASE FROM 2023
2024 OUTLOOK: OIL PRODUCTS' TOTAL SALES VOLUME IN 2024 IS EXPECTED TO BE LOWER THAN IN 2023
GROUP'S TOTAL FIXED COSTS IN 2024 ARE EXPECTED TO BE LOWER (PREVIOUSLY SLIGHTLY HIGHER) THAN IN 2023
US REGULATORY FRAMEWORK, UNCERTAINTIES IN CLEAN FUEL PRODUCTION CREDIT (CFPC) MIGHT REQUIRE NESTE TO REOPTIMIZE PRODUCTION CAPACITY, SUPPLY CHAINS
PERFORMANCE IN CURRENT MARKET ENVIRONMENT IS UNSATISFACTORY, WILL INCREASE FOCUS ON OPERATIONAL EXECUTION AND CAPITAL DISCIPLINE
BIOTICKET AND RENEWABLE CREDIT PRICES AND RENEWABLE DIESEL PRICE PREMIUMS EXPECTED TO REMAIN AT LOW LEVEL COMPARED TO 2023
FEEDSTOCK PRICES EXPECTED TO REMAIN VOLATILE
RENEWABLE PRODUCTS' TOTAL SALES VOLUME EXPECTED TO TO REACH AROUND 3.9 MT (+/- 5%) IN 2024
RENEWABLE PRODUCTS' FY 2024 AVERAGE COMPARABLE SALES MARGIN EXPECTED TO BE IN RANGE OF USD 360-480/TON
OIL PRODUCTS' FULL-YEAR 2024 TOTAL REFINING MARGIN EXPECTED TO BE LOWER THAN IN 2023
Source text for Eikon: ID:nWkrc09jl1
Further company coverage: NESTE.HE
(Gdansk Newsroom)
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