Neste, the world’s largest producer of renewable diesel and jet fuel, reported fourth quarter earnings below market expectations and provided a 2024 outlook, indicating sales margins would fall below the 2023 average of $863 per ton.

Fourth-quarter 2023 renewable products comparable sales margin increased 7.7 percent to $813 per ton, up from $755/ton in the fourth quarter of 2022. Full-year 2023 renewable products comparable sales margin was $863/ton, 10.8 percent above the $755/ton average during 2022.

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