STX Group announces the acquisition of Marine Olie

In the Netherlands, STX Group announced the acquisition of Marine Olie, a trader of waste-based advanced feedstocks. 

“The biofuels market is one of the largest environmental commodity markets globally and will play a significant role in decarbonizing the shipping, road, industry and heating sectors. The availability of reliable waste-based ‘advanced’ feedstocks will therefore be a key ingredient for a well-functioning and sustainable biofuels market. The acquisition of Marine Olie shows STX’s commitment to this market,” saod Marijn van Diessen, CEO of STX Group.

The acquisition of Marine Olie marks an important milestone in STX Group’s effort to strengthen its presence in the biofuels market, allowing the company to extend the range of products and services offered to clients and counterparties, the firm said.

“The acquisition is a significant step in the industry as it unlocks numerous synergies for all clients and counterparties. In addition to the full optimization and arbitrage opportunities, it offers all our clients a better access to biofuels feedstocks, enabling them to address the full value chain through the new integrated trading platform, bringing multiple efficiencies,” said Ronald Nossent, Managing Director of Marine Olie.

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