FinCo is an ambitious and fast growing company in the downstream oil market in the Netherlands. The wholesale, retail, bunkering and direct sales of mineral oils and bio fuels is the core business activity of FinCo which also operates under the names Gulf Nederland and Dalhuisen in the Netherlands.
With NIBC joining as minority shareholder FinCo will be able to further strengthen its position in the Dutch market and will continue its growth strategy.
The trading activities of FinCo in Asia and the tank storage terminal in Amsterdam are not part of the transaction.
The Northwest European fuel market offers FinCo attractive growth opportunities because major oil companies continue to withdraw and divest from downstream oil markets which offers new and independent companies such as FinCo opportunities to increase market share.
The transaction has been approved by the Authority for Consumers & Markets (ACM) in the Netherlands.
Earlier this year FinCo acquired next to a storage terminal in Groningen from Total and Q8 also the Gulf wholesale business and its logistics from Enviem.
The maritime sector is one step closer to clean, emission-free shipping. A collaboration between FincoEnergies and Port of Amsterdam has resulted in a permit for FincoEnergies to supply biomethanol to the maritime sector within the Amsterdam port area.
TESO (Koninklijke N.V. Texels Eigen Stoomboot Onderneming) is giving a significant boost to its sustainability goals by transitioning to sustainable biofuel. The successful first delivery to the ferry ms. 'Dokter Wagemaker' marks a new chapter in the longstanding successful partnership between FincoEnergies and the Texel ferry service.
The advanced biofuel facility, Advanced Methanol Rotterdam (AMR), will convert non-recyclable waste into advanced methanol at the Port of Rotterdam, which will be purchased by FinCo Fuel. Advanced Methanol will achieve the CO2 emission reductions set out in the Renewable Energy Directive II (RED II) and the Fit-for-55 package.
Being an independent provider for sustainable energy solutions, we must quickly scale up our impact on the ongoing energy transition. Adding new energy carriers to our sustainable portfolio is important to guide our customers during their CO2-journey to decarbonisation. An energy carrier in which we see a lot of opportunities is electricity. Via our collaboration with EQUANS, international market leader in technical services, we are now able to offer various energy solutions to our customers.