Argent Energy Netherlands will buy a biodiesel production, tank storage and cleaning facilities from Amsterdam-based Simadan Group.
Argent Energy, a subsidiary of John Swire & Sons, is involved in large scale commercial biodiesel production in the UK. It has also pioneered the use of low grade waste fats and oils.
The addition of these facilities represents the first step for Argent Energy replicating its successful business outside the UK. The deal is expected to be completed by early September and is subject to various conditions being met.
Jim Walker, Argent Energy MD, says: ‘This investment will allow Argent to develop our capability of recycling waste fats and oils in the production of biofuel. It further underlines Swire’s commitment to contribute to the global reduction of CO2 emissions, just as the UK and the EU are legislating for continued decarbonisation of transport to 2030 and beyond.’