15. May 2020

Neste completes acquisition Mahoney Environmental

Neste completes acquisition Mahoney Environmental

Renewables pioneer Neste, who announced the purchase of Mahoney Environmental (Mahoney), a leading collector and recycler of used cooking oil in the United States, and its affiliated entities earlier this year in March, has now closed the deal.

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Mahoney’s unique, integrated business model sets it apart from competitors. Alongside used cooking oil collection and recycling, Mahoney also provides cooking oil equipment installation and design, fresh oil delivery and grease trap cleaning.

As the world's largest producer of renewable diesel refined from waste and residues, Neste’s feedstock strategy is focussed on waste and residues growth and the development of new feedstock sources. The company is targeting 100% waste and residues share by 2025. Mahoney Environmental is an important partner for Neste to achieve this goal, as they already have access to a substantial volume of used cooking oil with room to grow across North America.
Neste aims to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2019, Neste's revenue stood at EUR 15.8 billion. In 2020, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world.

http://www.neste.com

 

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