Finnish refiner and renewable fuels producer Neste Oyj (<a href="https://www.nasdaq.com/european-market-activity/shares/neste?id=HEX29375" target="_blank">HEL:NESTE</a>) and Chevron Lummus Global (CLG) have achieved “highly promising initial results” while demonstrating proof of concept for converting lignocellulosic waste into renewable fuels.