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.


Greenergy Baltic was founded to operate in the oil wholesale business 


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


St1 service station chain became part of the company


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


The first Swedish St1 distribution sites were opened 


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


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


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) 


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)


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)


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



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


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
St1 Group merged into St1 Nordic Oy


The construction of Etanolix® pilot plant was completed in Ubon Ratchathani, Thailand, to test ethanol production using cassava pulp as feedstock
The stimulation phase of St1´s geothermal project was successfully completed in Espoo, Finland
A project was started in Morocco to pilot sustainable carbon sequestration through afforestation
The purchase of Statoil Fuel & Retail Marine AS, Norway, was completed


Q Power and St1 started piloting synthetic fuel production from biorefinery carbon dioxide in Finland
Construction of Hydrogen Manufacturing Unit finalised in Gothenburg, Sweden        
TuuliWatti constructed the first market-based wind farm in Finland at Ii Viinamäki 
Pilot project to produce ethanol from cassava pulp waste finalised in Thailand

St1 was one of the winners of Energy Globe World Award 2019                                      


Construction work on the Green Process Unit started at St1 Gothenburg refinery
A terminal was purchased in Gävle to strengthen the supply chain network in Sweden
Drilling work for the geothermal power plant in Otaniemi, Espoo, was completed
Wind power capacity was sold in Finland to free up capital, for new investments in renewable energy
St1 committed to a more sustainable value chain by joining the UN Global Compact initiative as a Participant


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

St1 is an energy company, whose vision is to be the leading producer and seller of CO2-aware energy. In the spirit of our vision, we research, develop, produce and invest to be able to provide our customers with CO2-aware energy while creating positive societal impact. Our employees’ ambitious work keeps transitioning our value chain constantly towards greater sustainability.


Explore Our Company Information

In 2020, St1's turnover amounted to some 4.9 billion EUR. We employ some 980 energy sector professionals in total. All in all, the total number of people employed directly and indirectly by St1 in the Nordics exceeds 7,300.