Neste completes Count Terminal Rotterdam acquisition
In the Netherlands, global renewable fuels producer Neste Oyj has announced that it has acquired 100 percent of the Dutch Count Companies BV’s Count Terminal Rotterdam BV and its supporting entities, part of the First Dutch Group of Peter Goedvolk.
"This acquisition supports our efforts to build a global renewable waste and residue raw material platform that can keep pace with the world’s growing demand for renewable products", says Peter Vanacker, Neste’s President, and CEO.
First Dutch is an impact investor focused on energy transition, health care, and supply chain. Count Terminal Rotterdam stores, refines, and blends renewable waste and residue-based raw materials in the Rotterdam harbor area. Count Terminal Rotterdam will be the first terminal asset Neste owns for renewable feedstock aggregation, thus enabling Neste to further develop its raw material logistics for the future.
The transaction, which was signed and closed on May 7, 2020, will also enhance Neste’s competitiveness in the global renewable waste and residue raw material market.
This is another important step for Neste in the execution of our growth strategy. This acquisition supports our efforts to build a global renewable waste and residue raw material platform that can keep pace with the world’s growing demand for renewable products. Count Terminal Rotterdam and Neste Demeter have had a successful long-term collaboration at the site and the acquisition by Neste serves as a logical next step in deepening cooperation and in developing operations further, said Peter Vanacker, President, and CEO of Neste.
Neste has been active in the Netherlands since 2011 when the Rotterdam refinery for renewable products started its operations. The Rotterdam refinery, together with the company’s Singapore refinery, are the world’s biggest and most advanced renewable diesel refineries.
Last year Neste opened a new office in Hoofddorp, in greater Amsterdam which serves as the global hub for the growing Renewable Aviation business.