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Neste’s deal approved by US authorities

The deal has been approved
The deal has been approved
Neste’s acquisition of Mahoney Environmental, a leading collector and recycler of used cooking oil in the US, in March has been approved by the regulatory authorities.
“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, building on the company’s acquisition of Dutch animal fat trader IH Demeter in 2018,” said Neste’s President and CEO Peter Vanacker.
“I am happy to welcome Mahoney personnel to our joint journey on creating a healthier planet for our children.”
Neste’s feedstock strategy is focusing 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 the US.
Alongside used cooking oil collection and recycling, Mahoney also provides cooking oil equipment installation and design, fresh oil delivery and grease trap cleaning.
The deal has been approved