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Terminal News

FinCo acquires stake in renewable fuels company

FinCo acquires stake in renewable fuels company
FinCo Fuel Group has acquired a majority stake in GoodNRG, the holding company of renewable fuels pioneer GoodFuels.

The move enables both parties to utilise its complementary strength, sourcing, supply management and logistical power of FinCo fuel, which will be optimal for the growing needs to GoodFuels. As a result, both parties expect to contribute to a further reduction of CO2 and to accelerate the energy transition with more impact.

Pieter Peeters, CEO FinCo Fuel Nederland, says: 'With this acquisition FinCo Fuel Group shows its ambition and commitment to further boost the transition to sustainable mobility. GoodFuels opened the sustainable fuel market for shipping and transportation fuels among others for a new customer base in a refreshing way. With our capability and network, we can further support the GoodFuels brand with its evolution.'

Dirk Kronemeijer, CEO GoodFuels, adds: 'In order to maintain our position in this growing market we were looking for a well-funded partner from the industry who understands and respects our impact driven sustainable DNA.

'In FinCo Fuel we have found this partner and together we can fulfil our joint mission to accelerate the energy transition in heavy transportation in an even better way.'



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