STX Group Expands Its Biofuels Enterprise With Strategic Acquisition of Marine Olie
Amsterdam, Dec. 03, 2024 (GLOBE NEWSWIRE) — STX Group, a number one environmental commodities and local weather options agency, immediately proclaims the acquisition of Marine Olie, a number one dealer of waste-based superior feedstocks. This strategic acquisition strengthens STX Group’s place within the biofuels worth chain and helps the corporate’s imaginative and prescient to turn into a globally main dealer within the built-in feedstocks-to-fuels-to-ticket markets.
Marine Olie’s huge expertise in aggregating, mixing and optimizing oils and fat, and strategic infrastructure positions within the Amsterdam-Rotterdam-Antwerp (ARA) space might be mixed with STX Group’s broader environmental market footprint, regulatory experience and entry to capital. This may create a globally main feedstock buying and selling platform beneath STX Group, with a capability to optimize throughout an even bigger portfolio, offering extra liquidity and superior danger administration options to a broad vary of various end-users.
Marijn van Diessen, CEO of STX Group, says :
The biofuels market is among the largest environmental commodity markets globally and can play a big function in decarbonizing the transport, street, business and heating sectors.
“The supply of dependable waste-based ‘superior’ feedstocks will due to this fact be a key ingredient for a well-functioning and sustainable biofuels market. The acquisition of Marine Olie reveals STX’s dedication to this market,”
The acquisition of Marine Olie marks an essential milestone in STX Group’s effort to strengthen its presence within the biofuels market, permitting the corporate to increase the vary of services and products provided to shoppers and counterparties.
Koen Heesbeen, Managing Associate at STX Group, mentioned :
Marine Olie is the business chief of their optimized use of tank property and skill to combination or break bulk; each contributing to our ambition to enhance market liquidity.
“This mixed with our skill to now deal with the complete worth chain will make us a key participant within the biofuels market. We’re thrilled to welcome Marine Olie and its workers to STX Group,”
Ronald Nossent, Managing Director of Marine Olie, mentioned :
The acquisition is a big step within the business because it unlocks quite a few synergies for all shoppers and counterparties.
“Along with the total optimization and arbitrage alternatives, it presents all our shoppers a greater entry to biofuels feedstocks, enabling them to deal with the total worth chain by means of the brand new built-in buying and selling platform, bringing a number of efficiencies,”
STX Group will keep the Marine Olie model because the Group’s sole feedstock buying and selling platform, guaranteeing a clean transition for workers and shoppers.
The transaction has been accepted by the European Fee competitors authorities and was closed on 1 December 2024. Monetary particulars aren’t disclosed.
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STX Group Expands Its Biofuels Enterprise With Strategic Acquisition of Marine Olie, supply
