FinCo Fuel Group, which is active in the downstream energy market with a broad portfolio of fuel products, has taken a majority stake in GoodNRG, the holding company of renewable fuels pioneer GoodFuels. Both companies are Netherlands headquartered
The parties say the acquisition will enable GoodFuels to tap into the sourcing, supply management and logistics expertise of the FinCo Fuel Group. Both parties expect to contribute to a further reduction of CO2 and to accelerate the energy transition with more impact.
“With this acquisition, FinCo Fuel Group is sending a clear signal about our ambition and commitment towards supporting the sustainable mobility transition,” said Pieter Peeters, CEO, FinCo Fuel Nederland. “GoodFuels has pioneered the sustainable fuel market for shipping and is an important market leader across other transportation sectors.
Dirk Kronemeijer, CEO, GoodFuels, called the move “an exciting and positive next step in GoodFuels’ journey to advance the use of sustainable advanced biofuels across heavy duty transportation.”