Greenergy invests in waste-to-biodiesel supply chain with Rexon acquisition
5th September 2018
Greenergy has acquired 100% of the shares of Rexon Energy, a used cooking oil exporter based in Singapore.
This is an upstream investment for Greenergy to provide raw materials for its biodiesel manufacturing operations.
Andrew Owens, Greenergy Chief Executive, said
“We have increased our purchasing of used cooking oils from around the world over a number of years and Rexon has become a significant supplier. Our acquisition of Rexon provides greater integration in this part of our supply chain.”
Greenergy continues to expand its manufacturing operations through incremental investment at its facilities on Teesside and at Immingham in the UK, and has also recently acquired a biodiesel manufacturing facility in Amsterdam which is due to commence production in 2019.