Regardless of the Covid-19 pandemic, Neste’s just released Q1 financials show a solid start to the year and good results despite margin pressure. But how? Adaptation. Flexibility. Innovation. Efficiency.
Neste’s renewable products segment led the way with a record-high production volume. Sure, there was high volatility in feedstock prices, especially with vegetable oil and animal fat prices, and scary super high volatility due to the crude oil price drop and the Covid-19 crisis, but U.S. margins were supported by strong LCFS credit prices. Check out this illuminating slide guide to get the Q1 details, segment outlook for Q2 and 2020, and a peak at their strategy going forward.
This articles was originally posted at: https://www.biofuelsdigest.com/bdigest/2020/05/10/changing-with-the-times-the-digests-2020-multi-slide-guide-to-nestes-renewable-products/ on