Pieter Peeters, CEO FinCo Fuel Nederland: “With this acquisition FinCo Fuel Group shows its ambition and commitment to further boost the transition to sustainable mobility. GoodFuels opened the sustainable fuel market for shipping and transportation fuels among others for a new customer base in a refreshing way. With our capability and network we can further support the GoodFuels brand with its evolution”.
Dirk Kronemeijer, CEO GoodFuels: “We are extremely proud of the leading and profitable market position of GoodFuels supported by our respected customers but realize that this is only the beginning and the real work starts now. In order to maintain our position in this growing market we were looking for a well-funded partner from the industry who understands and respects our impact driven sustainable DNA. In FinCo Fuel we have found this partner and together we can fulfil our joint mission to accelerate the energy transition in heavy transportation in an even better way”.
About FinCo Fuel Group
FinCo Fuel Group is involved in the downstream fuel 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. 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 GoofFuels
GoodFuels is a sustainable fuels pioneer and energy transition partner for shipping and heavy transportation. All advanced and sustainable biofuels from GoodFuels are immediately applicable as substitution of fossil fuels without any technical engine modifications (drop-in), reduce CO2 by up to 90% (Well-to-Propeller) and comply to the strictest sustainability criteria. Next to being a biofuels pioneer GoodNRG introduces innovative sustainable products, services and business models on a constant basis.
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.
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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.