Neste’s newly opened Innovation Center in Singapore strengthens company’s research and innovation expertise

Neste has established an Innovation Center in Singapore to strengthen its innovation and R&D capabilities globally. Asia has become an important market area for Neste and the new center provides good support to the company’s growth journey in the Asia-Pacific region. The opening of the Innovation Center was celebrated today.

The Innovation Center with state-of-the-art laboratory equipment and advanced analytical and raw material research capabilities focuses on research around raw materials and the pretreatment processes. The Innovation Center is located in the Science Park II in the western part of Singapore, and has hired more than 20 researchers and professionals, so far.

The new center is an excellent complement to Neste's global innovation work which is about exploring new business opportunities around scalable future raw materials and related technologies. Approximately 25% of the company’s personnel work with innovative research, product development and engineering. In 2022, Neste’s R&D expenditure was EUR 85 million, of which the majority is invested in innovation, research, development and testing of future raw materials and technologies enabling their use. Over the past decade, there have been more than 2,000 renewable raw material samples examined at Neste and by 2022, the company has been granted some 2,000 patents. The Technology center in Porvoo, Finland carries out research, development and engineering work. This Innovation powerhouse employs more than 1,000 professionals, and it continues to serve as a vital cornerstone for Neste, focusing on the whole value chain from raw materials to end products.