Neste revises downwards its 2024 comparable sales margin guidance for Renewable Products
Source: www.gulfoilandgas.com 5/14/2024, Location: Europe
Neste revises downwards its 2024 comparable sales margin guidance for Renewable Products.
The revised 2024 comparable sales margin guidance for Renewable Products is: “Renewable Products’ full-year 2024 average comparable sales margin is expected to be in the range of USD 480–650/ton.”
The previous 2024 comparable sales margin guidance for Renewable Products was: “Renewable Products’ full-year 2024 average comparable sales margin is expected to be in the range of USD 600–800/ton”.
The rest of the guidance for Renewable Products as well as the guidance for Oil Products remain unchanged.
Renewable Products’ sales price outlook is affected by a decrease in the diesel market price and a continued decrease in US bioticket and renewable credit prices during the second quarter, while waste and residue feedstock prices have remained stable.
