STX Group announced on 3 December the acquisition of Marine Olie, a leading trader of waste-based advanced feedstocks.
STX Group said the strategic acquisition strengthens its position in the biofuels value chain and supports the company’s vision to become a leading global trader in the integrated feedstock-to-fuel-to-ticket market.
Marine Olie’s experience in fats and oils polymerisation, blending and optimisation in the Amsterdam-Rotterdam-Antwerp region, as well as its strategic infrastructure position, will be combined with STX Group’s broader environmental market footprint, regulatory expertise and access to capital.