Finnish renewable fuels producer Neste has completed its acquisition of Crimson Renewable Energy’s used cooking oil (UCO) collection and aggregation business in the USA.
The acquisition included shares in SeQuential Environmental Services and Pure, as well as a UCO processing plant in Salem, Oregon, Neste said on 13 January.
Through the transaction, Neste said it had acquired a leading UCO collection and recycling business on the US West Coast, covering the collection, logistics and storage of UCO in California, Oregon and Washington.
“We are strengthening our presence and operations in the USA and on the US West Coast which is an important market for servicing our customers and the location for our joint venture for renewable diesel production in Martinez, California,” Neste president and CEO Matti Lehmus said.
