Press Release: FinCo Fuel Group, active in the downstream energy market with a broad portfolio of fuel products, has expanded its network with the acquisition of a majority stake in GoodNRG, holding company of renewable fuels pioneer GoodFuels, the companies have announced today.
The acquisition will enable GoodFuels to tap into the complimentary sourcing, supply management and logistics expertise of the wider FinCo Fuel Group. Both parties expect to contribute to a further reduction of CO2 and to accelerate the energy transition with more impact.
Speaking on the announcement, Pieter Peeters, CEO, FinCo Fuel Nederland, said: “With this acquisition, FinCo Fuel Group is sending a clear signal about our ambition and commitment towards supporting the sustainable mobility transition.
“GoodFuels has pioneered the sustainable fuel market for shipping and is an important market leader across other transportation sectors. Their approach, which is based on uncompromising high standards, is fully aligned with our own. With our strengths and deep network we can further support the GoodFuels brand with its continued evolution.”
Dirk Kronemeijer, CEO, GoodFuels, added: “Today is an exciting and positive next step in GoodFuels’ journey to advance the use of sustainable advanced biofuels across heavy duty transportation. We are extremely proud of the progress we have made to date, working closely with our partners and customers.
“In FinCo Fuel Group we find a partner who will support us in maintaining and strengthening our position in this vital market. The need for positive, progressive and proven sustainability solutions has never been greater across these sectors, which must now strive for full decarbonisation. Together with FinCo, we can fulfil our joint mission and realise a cleaner, greener transportation sector.”
