Neste has agreed to acquire 100% of Walco Foods
Neste has announced to acquire 100% stake of Irish animal fats and by-products trading firm Walco Foods. This deal will further expand Neste’s global supplies of waste and residue feedstocks to refine waste, residues, and sustainable raw materials into renewable fuels and sustainable feedstock for plastics and other materials using its proprietary NEXBTL technology.
With pressure mounting for European countries to curb consumption of crop-based biofuels, limited waste and advanced biofuels feedstocks including vegetable oil, used cooking oil, and animal fats are the primary focus of renewable raw material sourcing.
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