“This acquisition supports our efforts to build a global renewable waste and residue raw material platform that can keep pace with the world’s growing demand for renewable products.”
Renewable diesel producer Neste has acquired Count Terminal Rotterdam to strengthen its growth strategy in renewable raw materials supply.
Specifically, the Finnish company has purchased 100% of Dutch Count Companies BV’s Count Terminal Rotterdam BV and its supporting entities, part of the First Dutch Group of Peter Goedvolk.
Count Terminal stores, refines and blends renewable waste and residue-based raw materials (Category 3 animal fats and used cooking oils) in the Rotterdam harbour area to be used for oleochemical products and transportation fuels. The acquisition gives Neste its first terminal asset for renewable feedstock aggregation, enabling the company to further develop its raw material logistics for the future.
“This is another important step for Neste (@NesteGlobal) in the execution of our growth strategy. This acquisition supports our efforts to build a global renewable waste and residue raw material platform that can keep pace with the world’s growing demand for renewable products,” said Peter Vanacker, Neste’s President and CEO. “Count Terminal Rotterdam and Neste Demeter have had successful long-term collaboration at the site and the acquisition by Neste serves as a logical next step in deepening cooperation and in developing operations further.”
This is not the first acquisition Neste has made this month to develop its feedstock strategy. At the start of May, Neste announced that it would acquire Mahoney Environmental (Mahoney), a well-known collector and recycler of used cooking oil in the United States, and its affiliated entities. The company is targeting 100% waste and residues share by 2025. Mahoney Environmental is an important partner for Neste to achieve this goal, as they already have access to a substantial volume of used cooking oil with room to grow across North America, Neste said.
Neste has been active in the Netherlands since 2011 when the Rotterdam refinery for renewable products started its operations. The Rotterdam refinery, together with the company’s Singapore refinery, are the world’s biggest and most advanced renewable diesel refineries.
Neste’s Sluiskil plant is responsible for the storage and pre-treatment of renewable raw materials, and Neste Demeter delivers raw materials to the company’s renewable diesel refinery. Last year, Neste opened a new office in Hoofddorp, in greater Amsterdam which serves as the global hub for the growing Renewable Aviation business.
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