Article | Rotterdam, 24 November 2022

Always one step further with sustainable biodiesel

It’s been evident from the start that FinCo pursues clear sustainability goals and wants to be at the forefront. Biofuels were high on the list when the company was founded in 2013. Now, almost 10 years later, we have a clear function in the market. We supply our customers with products that are both sustainable and technically reliable, and also try to familiarise them as much as possible with biofuels. We ensure that the gap between biofuels and regular fuels gets smaller and smaller.

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We now offer high blends consisting of 90 or even 100 percent sustainable biodiesel. While a few years ago we had to build confidence with the shipowners when we started offering marine fuels mixed with biofuel.

For the production of fuels we depend on a regular stream of feedstocks. And that’s why we want to know exactly where they come from. We want to enter into long-term partnerships with producers so that we can be sure of the quality of the products and the supply. FinCo is now also using more and more residue streams from other sectors, from which advanced biofuels are made. And with the residue streams we use becoming increasingly more complex, the market will also become more comprehensive and our product portfolio will broaden. So we have to take a view of new products for which no listing is yet available.

 

Our Trading Manager Alex Pechman explains: “Our Trading team is continually dealing with new products that haven’t been traded enough. Moreover, we must take into account the fact that biofuels and their fossil counterparts are still far apart in terms of price. We are always looking for the best way to bridge that gap. Irrespective of quoted market prices, FinCo always succeeds in bringing new projects to a successful conclusion. Our sustainability course is clear. The question is: will you join us?”

 

Curious how our Trade Manage closes the gap between biofuels and their fossil counterparts? Read his story.

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