Acquisition of Agri Trading further strengthens Neste’s position and raw material sourcing in the United States

Sustainability

2 minute read

Acquisition of Agri Trading further strengthens Neste’s position and raw material sourcing in the US

In 2021, we acquired Agri Trading, one of the largest independent renewable waste and residue fat and oil traders in the United States. 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. Before the acquisition, Neste conducted a due diligence to ensure Agri Trading’s sustainability performance.

Neste

2022-02-22T00:00+02:00

In 2021, Neste acquired Agri Trading, one of the largest independent renewable waste and residue fat and oil traders in the United States. 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. 

Agri Trading’s established logistics networks and assets enable Neste to source and transport raw materials efficiently with a lower carbon footprint and, ultimately, enable Neste to maintain its leadership position in the global raw material market. 

Before acquiring Agri Trading, Neste’s sustainability team had conducted a due diligence to ensure Agri Trading’s sustainability criteria for suppliers and raw material sourcing as well as in general the company’s sustainability performance. Neste’s Supplier Code of Conduct is for example applied to all new contracts. 

Neste refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. This is possible thanks to its proprietary NEXBTL technology – a unique platform that allows the company to turn a wide variety of renewable waste and residues and oils into premium fuels and other products. 

Agri Trading is based in Minnesota and was established in 1977. It has become an industry leader in trading animal fat waste, used cooking oil, technical corn oil, and other vegetable oils throughout the lower 48 States, Canada, Mexico, and Europe. The company manages all aspects of transportation, logistics, transloading, and export services, providing on-time pick-up and delivery.

The transaction supports Neste in its efforts to build a solid, resilient and flexible global waste and residue raw material platform that can keep pace with the customer’s growing demand for renewable products. Together with previously announced acquisitions of IH DemeterBunge Loders Croklaan and Count Terminal in the Netherlands, and Mahoney Environmental in the United States, Agri Trading will also enhance Neste’s competitiveness in the global waste and residue raw material market.

Read more about the acquisition.