Dordrecht, January 6, 2020FinCo Fuel Group active in the downstream energy market with a broad portfolio of fuel products expands its network with the acquisition of a majority stake in GoodNRG, holding company of renewable fuels pioneer GoodFuels. This cooperation enables both parties to utilize its complementary strength, sourcing, supply management and logistical power of FinCo Fuel which will be optimal for the growing needs of GoodFuels. Both parties expect to contribute to a further reduction of CO2 and to accelerate the energy transition with more impact.
About FinCo Fuel Group
FinCo Fuel Group is involved in the downstream fuel market and offers a portfolio of fuels across Northwest Europe. FinCo covers the whole value chain from refinery gate until end-user with secured logistics under ownership and management. Innovation and strong customer orientation are the main drivers to boost the transition to a lower carbon future. FinCo is fully committed to increased use of cleaner fuels and is dedicated to play an important role in reducing CO2 through a portfolio of alternative fuels. The Group has offices in the Netherlands, Germany and Switzerland.
GoodFuels is a sustainable fuels pioneer and energy transition partner for shipping and heavy transportation. All advanced and sustainable biofuels from GoodFuels are immediately applicable as substitution of fossil fuels without any technical engine modifications (drop-in), reduce CO2 by up to 90% (Well-to-Propeller) and comply to the strictest sustainability criteria. Next to being a biofuels pioneer GoodNRG introduces innovative sustainable products, services and business models on a constant basis.