FinCo Fuel buys biofuel producer: Diversified petroleum distribution firm FinCo Fuel has bought Netherlands-based biofuel producer GoodFuels.

The firm that has been acquired is a supplier of bio-based bunker fuel for the shipping sector – its fuels can be used as a drop-in replacement for petroleum, without requiring major modifications to diesel engines, bunker tanks, bunker barges or fuel distribution infrastructure.

GoodFuels said its acquisition will allow it to gain access to additional sourcing, supply management and logistical expertise.

Dirk Kronemeijer, CEO of GoodFuels, said: “The need for positive, progressive and proven sustainability solutions has never been greater across these sectors, which must now strive for full decarbonisation.

“With this acquisition, FinCo Fuel Group is sending a clear signal about our ambition and commitment towards supporting the sustainable mobility transition.”

The post FinCo Fuel buys biofuel producer GoodFuels appeared first on Energy Live News.

, , , , , , , , ,
Previous Post
Coal-fired power plant in Montana to close two units
Next Post
Climate Assembly UK – Team of experts & business leaders announced

Related Posts

Daily Energy Market Report Monday 25th Feb 19

Daily Energy Market Report Monday 25th Feb 19. A very bearish open at the NBP seeing cold weather risk premiums, seeing spreads narrow. The NTS has opened 29.9mcm long with demand 20mcm below its respective seasonal norm. LNG send-out is strong at 55mcm this morning and MRS sites are withdrawing 13mcm of gas. Norwegian imports…
Read More
Menu