This is our story

Our story began over 20 years ago. In a couple of decades, St1 has developed into a Nordic energy Group who realises its vision to be the leading producer and seller of CO₂-aware energy.

1995

Greenergy Baltic was founded to operate in the oil wholesale business 

1997

A group of private entrepreneurs established  St1 chain, which became a client of Greenergy Baltic 

2000

St1 service station chain became part of the company

2003

NEOT (North European Oil Trade Oy) was founded together with S Group for fuel supply 

2004

The first Swedish St1 distribution sites were opened 

2006

St1 Biofuels Oy was founded together with VTT Technical Research Centre of Finland

2007

ExxonMobil Finnish affiliate Oy Esso Ab was acquired and the company was named St1
The first Etanolix®  biorefinery started to produce advanced ethanol from bakery waste

2009

A network of 200 sites in Sweden and Norway was purchased from StatoilHydro ASA 
TuuliWatti Oy was founded together with S-Voima
RE85 high-blend advanced ethanol fuel was launched
Etelä-Suomen Lämpöpalvelut Oy was acquired (now St1 Lähienergia Oy/St1 Local Energy) 

2010

The first Bionolix® biorefinery started to produce advanced ethanol from municipal and retail biowaste
Acquisitions were made:
St1 Energy Oy (former Oy Shell Ab)
St1 Energy AB (former AB Svenska Shell)
St1 Refinery Oy (former Shell Raffinaderi AB)

2014

St1 Deep Heat geothermal energy pilot launched
Agreement on the purchase of the share capital of Shell's Norwegian downstream company
Uudenmaan Energiakaivot Oy acquired by St1 Local Energy (former Etelä-Suomen Lämpöpalvelut Oy)

2015

Etanolix® biorefinery was delivered to Sweden
Construction of the Cellunolix® biorefinery started in Finland
Shell's Norwegian downstream company was acquired

 

2016

St1 Deep Heat started drilling the wells of the geothermal pilot heat plant

2017

The first Cellunolix® biorefinery started to produce advanced ethanol from sawdust
Hydrogen manufacturing unit construction work started at St1 Refinery in Sweden - aiming to  start the production of renewable diesel in the early 2020s
TuuliWatti Oy completed its multi-year investment programme of 650 MEUR
St1 Finance Oy was founded

TODAY

Today, St1 is a Nordic energy group that operates in several business areas in Finland, Sweden and Norway. In the operations we implement our vision to be the leading producer and seller of CO₂-aware energy. 

St1 Value Chain

While fossil fuels are still our main source of income, it allows us to build world-class expertise in introducing more and more renewable energy to the market. Our customers benefit from the competitive edge we gain by managing the complete value chain from raw materials and energy sources to service at the pump.

 

Explore Our Company Information

In 2017, St1's turnover amounted to 6.5 billion EUR. We employ some 750 energy sector professionals in Finland, Sweden and Norway. The total number of people employed directly and indirectly by St1 in the Nordics exceeds 7,300.