UK producer Argent Energy to acquire Biodiesel Amsterdam facility
July 20, 2018
BY Ron Kotrba
Argent Energy Group, a subsidiary of John Swire & Sons Ltd., has reached an agreement under Argent Energy Netherlands B.V. to acquire Amsterdam-based Simadan Group’s biodiesel production, tank storage and cleaning facilities.
Dickon Posnett, director of corporate affairs for Argent Energy, told Biodiesel Magazine that Biodiesel Amsterdam is currently operating and produces more than 100,000 tons per year (30 MMgy) of tallow-based biodiesel.
Advertisement
Advertisement
The company expects the acquisition to be completed by early September, provided necessary conditions are met and the regulatory authorities approve the transaction.
Argent Energy is an award-winning, large-scale commercial biodiesel production in the U.K. that uses wastes from the food and meat processing industries as well as sewer grease.
Advertisement
Advertisement
The acquisition of the Netherlands complex represents the first step for Argent Energy to replicate its business outside the U.K.
“This investment will allow Argent to develop our capability of recycling waste fats and oils in the production of biofuel,” said Jim Walker, Argent Energy managing director. “It further underlines Swire’s commitment to contribute to the global reduction of CO2 emissions, just as the U.K. and EU are legislating for continued decarbonization of transport to 2030 and beyond.”
Related Stories
The U.S. EPA on Aug. issued decisions on 175 small refinery exemption (SRE) petitions, granting full or partial exemptions of Renewable Fuel Standard blending obligations for 143 petitions. According to the EPA, 13 SRE petitions remain pending.
The U.S. EPA on Aug. 21 released data showing more than 1.92 billion RINs were generated under the Renewable Fuel Standard in July, down from 2.26 billion generated during the same month of last year.
STX Group, a leading environmental commodities trader and climate solutions firm, on Aug. 13 announced the completion of the first successful delivery of sustainable aviation fuel certificates (SAFc).
FutureFuel Corp. on Aug. 11 releases second quarter results, confirming that its 59 MMgy biodiesel plant in Batesville, Arkansas, remains idle due to market conditions. The company expressed hope the facility will restart in late 2025 or early 2026.
Tidewater Renewables on Aug. 14 announced its renewable diesel facility British Columbia operated at 72% capacity during Q2. The company continues to advance plans to add SAF capacity to facility, with a final investment decision targeted for 2026.
Upcoming Events
