NEOT is a supply company operating in the Baltic Sea region and owned by SOK and St1 Nordic Oy. NEOT is also active in the global trading market.
NEOT supplies oil products from a number of nearby refineries, which are mostly located in Finland, Sweden, Denmark, Norway, and Poland.
NEOT acquires its fuels from the best possible sources. Fuels are produced of high-quality raw materials delivered from the refineries of our carefully selected co-operation partners.
NEOT operates cargoes on a worldwide basis but main activities are focused within the North and Baltic Sea. Cargo grades shipped are all clean petroleum products.
NEOT has six terminals and they are located in Hamina, Pori, Vaasa, Oulu, Varkaus and Kuopio. All of them function as the fuel distribution terminals.
NEOT’s experienced co-operation partners are responsible for the safe and effective transportation of stations and fuel oil customers.
We offer two gasoline grades differing mainly by their octane rating and ethanol concentration.
The diesel fuel supplied by NEOT is a high-quality product suitable for the varying weather conditions in Finland.
Fuel oils suitable for heating and motor use are available in both summer and winter grade.
E85 is a ethanol fuel developed for Finnish conditions, which reduces motoring-related fossil carbon dioxide emissions by up to 80%.
The ethanol diesel ED95 is a renewable fuel that can replace fossil diesel in urban buses and heavy transport vehicles.
Product specifications and Safety data sheets
for gasoline, diesel and other products.
Fuels delivered annually to 2,000 service stations
Annually 14 million safely driven kilometres
Turnover in 2018 was approx. EUR 5.5 billion
Annually about 7 billion litres of fuel supplied
NEOT has compensated climate emissions resulting from its employees’ business flights by buying verified CO2-certificates from Puro, a Finnish carbon marketplace. The purchased certificates equal 96% of the emissions resulting from the company’s business flights during 2018.
NEOT will implement Artificial Intelligence (AI) to improve the safety of loading operations at the company's terminal in Oulu. During the pilot project AI will be taught to identify incorrect loading connections and act as a preventive safety tool.
NEOT has published its Sustainability Report 2018 which is the company’s second sustainability report available for external stakeholders. During the second reporting cycle we developed further its reporting principles and defined focus areas for our sustainability work.
NEOT was placed first in the list of ‘Finland’s Most Inspiring Workplaces 2018’ under the category of small organisations. Finland’s Most Inspiring Workplaces acknowledgement is granted to Finnish organisations reaching the highest results in the widely used employee satisfaction survey carried out by Corporate Spirit.
In the end of 2018, NEOT's values were revised to better reflect the company's principles and ways of working. The new value foundation is called NEOT Spirit and it´s based on four cornerstones; agility, sustainability, competitive advantage and good vibes.
The new EU Renewable Energy Directive (REDII) has been agreed by the EU institutions. The new directive increases the use of renewable energy to 32% in 2030 and the share of renewable energy used in transportation to 14% in Europe.
Major steps towards more sustainable shipping were taken when NEOT’s time-chartered vessel Tern Sea bunkered LBG at the Gothenburg harbor, Sweden. NEOT became the first Finnish company that has used renewable LBG in commercial shipping operations.
Petri Appel has been appointed as the new CEO for North European Oil Trade Oy. He will start in the new position immediately after this appointment today 11.6.
In April 2018, the first ED95 fuelled ethanol diesel truck started delivering fuel to petrol stations in Finland’s capital area. NEOT has an ambition to increase these trucks in its hauliers’ fleets.
Alimentation Couche-Tard has decided to sell 100% of the shares in Statoil Fuel & Retail Marine AS to St1 Norge AS. The parties signed the agreement on 27 November 2017, and the deal is now pending approval from the relevant competition authorities.
North European Bio Tech Oy (NEB), an associated company of SOK Corporation and energy company St1, was established in 2013 with the purpose of investing in biofuel production units.
Energy company St1 continues its series of investments targeting to begin the production of renewable diesel in 2020 at its refinery in Gothenburg, Sweden.
Transport companies were awarded for their expertise in safety technology in the Oil and Biofuel Association's Fuel Transports - Vehicle Technology and Safety seminar.
