In a reaction, Chief Executive Officer Pieter Peeters indicates that he and his team are delighted with the permit: "We are very pleased with this milestone. Since the establishment of FinCo in 2013, we are constantly working on optimizing our administrative, security and operational processes. Our goal is to add as much value as possible to the total supply chain of our customers. This permit ensures even faster and more efficient service and encourages us to continue optimizing our processes every day."
Companies involved in EU cross-border goods movements and their suppliers are affected by this legislation. The European Union also wants to offer better facilities for businesses. These facilities lead to less logistic delays and lower administrative costs. Companies can therefore request the status of Authorized Economic Operator (AEO). An AEO license is valid in all member states of the EU. The Dutch customs have trust in FinCo Supply & Trading B.V. and issued the AEO permit on 20 December 2017.
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.