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Neste Acquiring Agri Trading (Int'l. Report, M&A)
Neste Oyi,Agri Trading
Date: 2021-09-08
Helsinki-headquartered Neste Oyi reports an agreement to acquire 100 pct of Minnesota-based independent renewable waste and residue fat and oil traders Agri Trading and its affiliate entities, subject to customary closing conditions and regulatory approval.

Together with previously announced acquisitions of IH Demeter, Bunge Loders Croklaan and Count Terminal in the Netherlands, and Mahoney Environmental in the United States, Agri Trading will also enhance Neste's competitiveness in the global waste and residue raw material market, according to the company.

Neste refines waste, residues and innovative raw materials into renewable fuels -- renewable diesel, sustainable aviation fuels (SAF) -- and sustainable feedstock for plastics and other materials through its proprietary NEXBTL technology.

As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, Neste is also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. In 2020, Neste's revenue stood at €11.8 billion, according to the company website. (Source: Neste Oyi, PR, Website, 7 Sept., 2021) Contact: Neste Oyi, Thorsten Lange, Exec. VP, Heidi Peltonen, Team Lead, Sustainable Partnerships, Marketing & Services, +358 10 458 4128, www.neste.com; Agri Trading Corp, 800-328-5189, www.agritradingcorp.com

More Low-Carbon Energy News Neste,  Neste Oyi,  SAF,  NEXBTL,  Biofuel,  


Borealis, Neste Announce Renewable Polypropylene Cooperation (Int'l.)
Borealis,Neste
Date: 2019-10-18
Vienna, Austria-based polyolefin provider Borealis, Helsinki-headquartered and renewable diesel producer Neste are reportinga strategic co-operation agreement for the production of renewable polypropylene (PP).

Under their agreement, Borealis will use Neste's 100 pct renewable propane produced with Neste's proprietary NEXBTL technology as renewable feedstock at its facilities in Kallo and Beringen, Belgium, starting at the end of 2019.

Neste's proprietary NEXBTL technology can utilize nearly any bio-based oil or fat as raw material, including lower-quality waste and residue oils to produce various premium-quality renewable products.

Borealis's process will be certified by the International Sustainability & Carbon Certification (ISCC Plus) whose full value chain scope ensures that the renewable feedstock used is certified renewable, sustainably produced and traceable to point of origin. (Source: Neste, Borealis, Green Car Congress, 17 Oct., 2019) Contact: Borealis, +43 1 22 400 300, www.borealisgroup.com; Neste, +358 10 458 4128, (713) 407-4400 - Houston, Texas office, www.neste.com, www.neste.us

More Low-Carbon Energy News Neste,  Borealis,  

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