Sales of nominee-registered shares accelerated in November, from 31.83% to 30.28%. The price has risen slightly, so there has been enough buying pressure from elsewhere.
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Ilmarinen and Elo have bought over five million shares. Domestic funds have also been buying.
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How did St1 Nordic Corporation appear on the top-20 list with 2.2m shares? They were not on top-20 list last month. Neither they bought any shares during November. :-/
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St1 bought at least 2 091 543 shares in November but probably all of them.
They were not on the top list last month that’s why 1-month change says “not available”
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Reportedly, the office mandate has been postponed to start only in April. The employees’ reaction to this probably came as a surprise to management 
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I must say that those ST1 purchases are indeed a good thing because if anyone, they know this market.
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The Finnish Aviation Academy is starting to use renewable aviation fuel, although it is not stated here how large a portion they will replace with it.
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If you download November’s shareholders excel from Neste’s www, you will see that there is another sheet which shows the largest buyers of shares during November. St1 Nordic Corporation is not on the list. That’s why I was a little surprised…
ChatGPT says that St1 bought 2m shares in March 2023… Need to check this info… But if this is so, then my question is: Why St1 was not on top-20 list in October?
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Well because they bought just last month the shares.
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Apologies for being maybe annoying. But where do you see St1 bought 2m Neste shares “last month”?
Both in October, and in November I don’t see St1 as the purchaser of, at least, couple hundred thousand of shares:
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Did you notice Anttonen Keele Oy from the list of top buyers? It bought 300,000 shares in November and now owns 900,000. ST1 bought 2.2 million shares in November. So Anttonen already has over three million shares. Over 40 million has been invested in Neste.
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Kauppalehti today at 6:13 p.m.:
"Reuters: Biden administration will not have time to prepare guidelines for airlines and the biofuel industry on clean production tax credits"
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I tried to ponder a bit about the impact of this matter on Neste. On the one hand, uncertainty increases again as we wait to see how the orange man will take the situation forward. Then again, Trump and his administration could have, if they wished, repealed the legislation later, or at least significantly altered or otherwise complicated it.
Trump is on the side of the farmer, i.e., his voter, as he should be in a certain way. Presumably, the matter will be advanced with the farmer’s interests first, which is bad for Neste, as Neste’s renewables use truly sustainable raw materials, such as used cooking oil and goodness knows what else.
On the other hand, if various (unclear) subsidies only applied to the farmer’s products, it could have other harmful effects, such as a rise in the price of raw materials (corn, soy, etc.) as demand increases, which could then make the production of fuels made from them less profitable. Ultimately, the reform could even affect food prices. Well, in any case, the prices of raw materials for renewable fuels would increase. Apparently, they have been elevated anyway, which has then affected the profitability of renewable products.
However, if only products made from the farmer’s products were eligible for subsidies, Neste should not, in itself, have any problems, as the Martinez production facility can apparently also use the farmer’s products. At this stage, of course, previously acquired raw material chain components might lose their value and significance.
If only products made from American raw materials on American soil are eligible for subsidies, then in my opinion, the sale of Singapore’s production, especially SAF, becomes a problem. The Martinez refinery does not produce SAF, so in that regard, we are somewhat in a tight spot. I haven’t been able to ascertain whether SAF exports from Singapore to Europe can be profitable, or whether the Asian market sufficiently absorbs SAF.
Regarding diesel, the situation in the United States is, in my view, if not good, then at least acceptable with the rise in LCFS credits. Around 22:00, we will get new data again, but the direction is right. If only the prices would rise even a little more.
In summary, I cannot say for sure if this has changed the situation for Neste in any direction. One thing is certain: uncertainty remains, but in my opinion, it does not increase.
Apologies for the rambling and poorly structured stream of thoughts jotted down on the phone. 
It would be nice to hear the community’s thoughts on the matter.
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Here is a link to Reuters’ original news story https://www.reuters.com/business/energy/biden-administration-will-not-finalize-clean-fuel-tax-credit-guidance-2024-12-03/
This increased uncertainty is indeed a bad thing for the development of the SAF (Sustainable Aviation Fuel) market, as @Gepardi1 mentioned.
On the other hand, if this support is not realized, it will maintain a difficult situation for the entire bioproducer market in the USA, where profitability has been under pressure for everyone. As the news story also brought up, there now seems to be an effort to extend the BTC (Blenders Tax Credit). This has significantly supported Neste’s results, and from that perspective, its continuation would be positive. Previously, the consensus was that the support would change to apply to local production (Producers Tax Credit), and thus Neste’s volumes imported from Singapore would not have been eligible for this support.
These issues have been debated for quite some time, so let’s see where this ultimately leads. 
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Undeniably, Keele Oy’s additions are a positive signal. Last month, a +50% increase and a total of 900,000 shares. One could assume that Anttonen knows more about this scene than any of us.
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If Anttonen’s support rises sufficiently, a government position would be justified. Anttonen would certainly have (fresh) insights.
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Why D&B directory says that Keele Oy website is shell.com? :-/
Because they are very linked in Finland, don’t get carried away with that 
Anttonen owns St1, so that’s just a mistake on the website you refer to.
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I find it somewhat problematic that a competitor would become a member of the board. They would be the first to receive information on prices and investments, among other things. It would then be difficult to say whose interests are being pursued in the end.
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