Integrated Green Energy Solutions (IGES), FinCo Fuel Nederland B.V. (FinCo) and Cooperative of fishermen Texel (CIV Texel) signed an agreement that will act as a showcase for the circular economy. The participating fishermen take all non-recyclable plastic waste from their fishing nets to shore from which it will be delivered to IGES, that will produce low carbon diesel quality fuels from the collected plastics at their new Amsterdam production facility which is currently under construction. FinCo will distribute the fuel back to the fishermen as a clean diesel for their fishing fleet.
Cleanup non-recyclable plastics
All participating companies involved are enthusiastic about this cooperation that is supported by Paro Amsterdam B.V. Stichting De Noordzee and KIMO. “It works two ways; on one hand these waste-to-plastic fuels result in a significant reduction of CO2 emissions which reflects the ambitions of all companies involved, and on the other hand it shows our commitment to be actively involved in the cleanup of our oceans”, said Bart-Willem ten Cate, responsible for biofuels and renewables at FinCo Fuel Group. He furthermore hopes that the initiative is scalable, and that more fishermen at the North Sea and the Waddenzee will get involved.
From left to right: Stientje van Veldhoven – staatssecretaris van Infrastructuur en Waterstaat, Paul Harkema - IGES, Paul Dickson – IGES, Floris Geeris – IGES, Maarten Drijver - CIV Texel, Bart-Willem ten Cate – FinCo.
80% reduction CO2
Executive Chairman of IGES, Paul Dickson said, “We are thrilled to be a part of this initiative to engage with the local community to fight against marine litter and create immediate and positive impacts together. Our patented technology offers a sustainable solution to reduce plastic pollution and maximize the economic value of end of life plastic. IGES’s Amsterdam plant will process 96 tons of end of life plastics per day to deliver 35 million liters of fuel per annum that requires no further processing, blending or refining- a world first.” He adds that this will result in a reduction of approximately 80% less CO2 emissions when compared to conventional diesel. IGES won the 2019 International Association of Ports and Harbors (IAPH) World Ports Sustainability Awards in the Climate and Energy category, which is a strong validation by experts and peers that its patented technology can effectively tackle the global crisis of end of life plastic going to landfill, incineration, waterways and oceans.
About FinCo
FinCo Fuel Group is involved in the downstream energy market and offers a portfolio of fuels across Northwest Europe. FinCo covers the whole value chain from refinery gate until end-user with secured logistics under ownership and management. Innovation and strong customer orientation are the main drivers to boost the transition to a lower carbon future. In the marine fuels market the company offers clean fuels via its subsidiary companies Licorne and Gulf Bunkering. FinCo is fully committed to increased use of cleaner fuels and is dedicated to play an important role in reducing CO2 through a portfolio of alternative fuels. The Group has offices in The Netherlands, Germany and Switzerland.
About IGES
Integrated Green Energy Solutions (ASX:IGE) (IGES) is committed to empowering local communities to achieve better economic, commercial and environmental outcomes. By rethinking end of life plastics as a valuable resource and extracting its maximum value, IGES contributes to the circular economy by reducing leakage into natural environments.
IGES’s patented technology converts end of life, unrecyclable plastics destined for landfills into valuable and clean fuels that meet international standards such as EN590 (diesel) and EN228 (petrol). It is the only company in the world that can deliver fuels from unrecyclable plastics without further refinement, blending or additives.
Headquartered in Singapore with offices in Sydney and Amsterdam, IGES delivers environmentally and commercially sustainable solutions for a resource efficient future. The Company has projects in Netherlands, China, Hong Kong, United Kingdom, Spain, Thailand, Australia, Indonesia, Germany and United States of America.
About CIV
For more than 80 years, CIV Texel has been a cooperative for the fishermen on the island. CIV supplies its me
The advanced biofuel facility, Advanced Methanol Rotterdam (AMR), will convert non-recyclable waste into advanced methanol at the Port of Rotterdam, which will be purchased by FinCo Fuel. Advanced Methanol will achieve the CO2 emission reductions set out in the Renewable Energy Directive II (RED II) and the Fit-for-55 package.
Being an independent provider for sustainable energy solutions, we must quickly scale up our impact on the ongoing energy transition. Adding new energy carriers to our sustainable portfolio is important to guide our customers during their CO2-journey to decarbonisation. An energy carrier in which we see a lot of opportunities is electricity. Via our collaboration with EQUANS, international market leader in technical services, we are now able to offer various energy solutions to our customers.
Gane Energy selected FinCo Fuel Group as the first supplier to introduce a (green) methanol-based fuel formulation to reduce greenhouse gases and exhaust emissions. This liquid fuel, Gane Fuel, has been developed for use in new and retrofitted heavy-duty diesel engines. The partnership highlights both companies’ ambitions to deliver climate neutral fuels to meet current and new emissions regulations.
.jpg)
FinCo Fuel has taken over the dealership for the distribution and sales of XBEE enzyme technology for the Benelux as per 1st June 2021. This acquisition fits with the ambition of FinCo Fuel to be a front runner in the transition towards low-carbon fuels.