Neste Engineering Solutions Oy to be merged into Neste Corp.
Published by Bella Weetch,
Editorial Assistant
Hydrocarbon Engineering,
Neste’s Board of Directors has approved a merger plan according to which the company’s wholly-owned subsidiary, Neste Engineering Solutions Oy, will be merged into Neste Corp.
The merger is expected to take place on 30 September 2022 and it will only affect the Finnish operations. The entire personnel, approximately 750 professionals, will transfer to Neste Corp. contractual rights and obligations of Neste Engineering Solutions Oy will transfer to Neste Corp. upon completion of the merger.
Neste Engineering Solutions offers high-quality technology and engineering services, including among others engineering, procurement and project management services for the oil and gas, petrochemicals, and bio-based industries. Neste Engineering Solutions operates in Finland, in Singapore and in the Netherlands.
In the next couple of months, Neste will further assess whether it is beneficial and feasible to also combine Neste Engineering Solutions’ businesses with Neste in the Netherlands and Singapore.
Read the article online at: https://www.hydrocarbonengineering.com/refining/29042022/neste-engineering-solutions-oy-to-be-merged-into-neste-corp/
You might also like
Hydrocarbon Engineering Podcast
In this episode, Alan Gelder, Senior Vice President of Refining, Chemicals and Oil Markets at Wood Mackenzie, provides a review of downstream markets in 2024 and looks ahead to what 2025 may hold for the sector.
Evonik and Oerlikon forge partnership
Evonik and Oerlikon Barmag have forged a strategic partnership in the growing market for chemically recycled PET.
