Photo: Neste Corp.
May 4, 2020
BY Neste Corp.
In March, Neste announced that it would acquire Mahoney Environmental, a leading collector and recycler of used cooking oil in the U.S., and its affiliated entities. The acquisition has been approved by regulatory authorities, and the deal has been closed.
“The completion of this transaction is an important step forward in delivering on Neste’s growth strategy in renewables and in strengthening our global renewable raw material platform, building on the company’s acquisition of Dutch animal fat trader IH Demeter in 2018,” said Peter Vanacker, president and CEO of Neste. “I am happy to welcome Mahoney personnel to our joint journey on creating a healthier planet for our children.”
Neste’s feedstock strategy is focusing on waste and residues growth and the development of new feedstock sources. The company is targeting 100 percent waste and residues share by 2025. Mahoney Environmental is an important partner for Neste to achieve this goal, as it already has access to a substantial volume of used cooking oil with room to grow across North America.
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Mahoney’s unique, integrated business model sets it apart from competitors. Alongside used cooking oil collection and recycling, Mahoney also provides cooking oil equipment installation and design, fresh oil delivery and grease trap cleaning.
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Luxury North Dakota FBO, Overland Aviation—together with leading independent fuel supplier, Avfuel Corp.— on May 19 announced it accepted a 8,000-gallon delivery of sustainable aviation fuel (SAF) on May 12.
May 21 marks the official launch of the American Alliance for Biomanufacturing (AAB), a new coalition of industry leaders committed to advancing U.S. leadership in biomanufacturing innovation, competitiveness, and resilience.
Neste and FedEx, the world’s largest express cargo airline, have agreed on the supply of 8,800 metric tons (more than 3 million gallons) of blended Neste MY Sustainable Aviation Fuel to FedEx at Los Angeles International Airport (LAX).
The U.S. EPA on May 14 delivered two RFS rulemakings to the White House OMB, beginning the interagency review process. One rule focuses on RFS RVOs and the other focuses on a partial waiver of the 2024 cellulosic RVO.
The U.S. EPA on May 15 released data showing nearly 1.79 billion RINs were generated under the RFS in April, down from 2.09 million generated during the same month of last year. Total RIN generation for the first four months of 2025 was 7.12 billion.