UK, Dutch authorities investigate biodiesel trading at Greenergy
May 16, 2019
BY Ron Kotrba
The U.K.’s Serious Fraud Office confirmed May 16 that it has opened a joint investigation with Dutch authorities regarding certain aspects of biodiesel trading at Greenergy and various third parties.
Five sites across the U.K. and additional sites in the Netherlands and Belgium were searched April 30, according to the SFO, and four individuals have been arrested and released without charge.
On its website, Greenergy stated, “On April 30, Greenergy became aware of an ongoing investigation into aspects of its biodiesel trading business and various third parties as part of a coordinated operation involving the U.K. and Dutch authorities. The company takes these matters very seriously and is engaging and cooperating fully with the authorities.”
Since this is an ongoing investigation, neither the SFO nor Greenergy could provide further details or comments.
Advertisement
Advertisement
Advertisement
Advertisement
Related Stories
Tidewater Renewables Ltd. has reported that its biorefinery in Prince George, British Columbia, operated at 88% capacity last year. A final investment decision on the company’s proposed SAF project is expected by year end.
BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. Construction is underway and the facility is expected to be operational by the end of 2025.
Verity Holdings LLC, a subsidiary of Gevo Inc., has partnered with Minnesota Soybean Processors (MnSP) to implement Verity’s proprietary track and trace software. The collaboration aims to unlock additional value through export premiums.
IAG and Microsoft are extending their 2023 co-funded purchase agreement for SAF by five years. The SAF used under the agreement will be produced by Phillips 66’s Humberside refinery and LanzaJet’s facility in the U.S.
U.S. exports of biodiesel and biodiesel blends of B30 or greater fell to 7,849.6 metric tons in February, according to data released by the USDA Foreign Agricultural Service on April 3. Biodiesel imports were at 21,964.9 metric tons for the month.
Upcoming Events
