FinCo is an ambitious and fast growing company in the downstream oil market in the Netherlands. The wholesale, retail, bunkering and direct sales of mineral oils and bio fuels is the core business activity of FinCo which also operates under the names Gulf Nederland and Dalhuisen in the Netherlands.
With NIBC joining as minority shareholder FinCo will be able to further strengthen its position in the Dutch market and will continue its growth strategy.
The trading activities of FinCo in Asia and the tank storage terminal in Amsterdam are not part of the transaction.
The Northwest European fuel market offers FinCo attractive growth opportunities because major oil companies continue to withdraw and divest from downstream oil markets which offers new and independent companies such as FinCo opportunities to increase market share.
The transaction has been approved by the Authority for Consumers & Markets (ACM) in the Netherlands.
Earlier this year FinCo acquired next to a storage terminal in Groningen from Total and Q8 also the Gulf wholesale business and its logistics from Enviem.
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.