Neste, a leading global producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has acquired 100 per cent of Count Terminal Rotterdam and its supporting entities, part of the First Dutch Group of Peter Goedvolk.

 

“This is another important step for Neste 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. Count Terminal Rotterdam and Neste Demeter have had a 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,” says Peter Vanacker, Neste’s President and CEO. 

 

Part of Dutch Count Companies, Count Terminal Rotterdam stores, refines and blends renewable waste and residue-based raw materials in the Rotterdam harbor area. Count Terminal Rotterdam will be the first terminal asset Neste owns for renewable feedstock aggregation, thus enabling Neste to further develop its raw material logistics for the future. The transaction will also enhance Neste’s competitiveness in the global renewable waste and residue raw material market.

 

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 BV 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.

 

Neste is world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. It is also a technologically advanced refiner of high-quality oil products. In 2019, Neste's revenue stood at €15.8 billion ($17.10 billion). In 2020, Neste was placed 3rd on the Global 100 list of the most sustainable companies in the world. –Tradearabia News Service