Dutch environmental commodity trader STX Group has acquired compatriot trader of waste-based advanced feedstocks Marine Olie for an undisclosed sum.
The Amsterdam-based firm said the move would bolster its position in the biofuels value chain and support the company’s aim of becoming a globally leading trader in the integrated feedstocks-to-fuels-to-ticket markets.
Marine Olie’s experience in aggregating, blending and optimising oils and fats, and infrastructure positions in the Amsterdam-Rotterdam-Antwerp (ARA) area will be combined with STX Group’s broader environmental market footprint, regulatory expertise and access to capital.
“The biofuels market is one of the largest environmental commodity markets globally and will play a significant role in decarbonising the shipping, road, industry and heating sectors. The availability of reliable waste-based ‘advanced’ feedstocks will therefore be a key ingredient for a well-functioning and sustainable biofuels market,” said Marijn van Diessen, CEO of STX Group.
The transaction has been approved by the European Commission competition authorities. STX Group will maintain the Marine Olie brand as its sole feedstock trading platform.
