NTOIF - Established Finnish Renewable Diesel Comp Shows Valero Undervalued
Diamond Green Diesel, which is ahead of almost any other refiner in capacity for renewable diesel, produced renewable diesel at immense margins even in the Covid-19 environment. The most recognised comp for renewable diesel, Neste (OTCPK:NTOIF), is Finnish and is the largest producer of renewable diesel in the world, outputting twice the amount that the DGD J.V does. Between 2007 and 2011, Neste had put in place a profound transformation process under which they have substantially divested from the oil sector and reinvested in renewable diesel. In five years, the company sold