Neste completes buy of US-based used cooking oil enterprise

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In November 2022, Neste introduced that it will purchase the used cooking oil (UCO) assortment and aggregation enterprise and associated property on the U.S. West Coast from Crimson Renewable Vitality Holdings LLC. The acquisition has been authorized by regulatory authorities, and the transaction has been closed. 

The acquisition contains shares in SeQuential Environmental Companies LLC, and Pure LLC, in addition to a UCO processing plant in Salem, Oregon. By the transaction, Neste acquired a number one UCO assortment and recycling enterprise on the US West Coast, protecting the gathering, logistics and storage of UCO in California, Oregon and Washington. 

“The completion of this transaction is one other vital step for Neste in rising renewable and round options, following our technique. We’re strengthening our presence and operations in the USA and on the US West Coast which is a vital marketplace for servicing our prospects and the placement for our three way partnership for renewable diesel manufacturing in Martinez, California. I’m completely satisfied to welcome the group to affix Neste’s operations within the US,” says Matti Lehmus, president and CEO of Neste. 

The transaction strengthens Neste’s international uncooked supplies sourcing platform and helps Neste’s purpose to serve its prospects to fulfill the rising international want for renewable merchandise.