Our goal is to develop and commercialize functional and environmentally sustainable solutions and deliver these solutions profitably. Each solution must be technically ready for use today. They also have to be ecologically and ethically sustainable and logistically feasible.
Our strong performance in the traditional oil business enables us to invest in the future and to build a solid foundation for realising our vision through renewable energy. We are already recycling waste for fuel, using wind power to produce electricity and drilling wells more than 6 kilometres deep to harvest geothermal energy.
Our employees working in the traditional oil business are strategy enablers and employees working in renewable energy are strategy executors – both in equally important roles to reach the goals.
The vision of St1 is to be the leading producer and seller of CO₂-aware energy. We believe we will attain this vision by running a responsible and profitable business, where economic performance, social responsibility and environmental impact are balanced.
Our accompanying value creation model is presented in the video.
We have an urgent need to create new cost-efficient renewable energy solutions. Although the share of renewable energy is growing, fossil energy continues to grow much faster. The global energy challenge calls for significant measures and the Nordics can play a leading role in it. St1 Nordic Energy Outlook presents our view of changes and challenges in the Nordic energy market during the next couple of decades.