Energy

Energy giant Neste sees a ‘K-shaped’ recovery for its business: CEO

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SINGAPORE — Finnish energy company Neste is seeing a so-called “K-shape recovery” from the coronavirus pandemic, with different segments of its business going in opposite trajectories, CEO Peter Vanacker said on Tuesday.

“If I look at the recovery right now, people refer to (it) as V-shape, W-shape, L-shape, I’ve heard yesterday on the summit, K-shape,” he told CNBC’s Capital Connection as an attendee of the Singapore Summit, which is being held virtually this year.

That’s what Vanacker said he’s seeing in his business right now.

“The recovery in renewables, that was extremely fast,” he said. “But then on the other hand side, everything that has to do with, for example, oil and oil…



Source cnbc.com

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