In November 2022, Neste announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the US West Coast from Crimson Renewable Energy Holdings, LLC. The acquisition has been approved by regulatory authorities, and the transaction has been closed.
Crimson Renewable Energy
Neste to acquire used cooking oil collection and aggregation business from Crimson Renewable Energy in the US
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has agreed to acquire the used cooking oil (UCO) collection and aggregation business and related assets in the United States from Crimson Renewable Energy Holdings, LLC. The transaction includes shares in SeQuential Environmental Services, LLC, and Pure, LLC, as well as a UCO processing plant in Salem, Oregon. The transaction is subject to the fulfillment of customary closing conditions and regulatory approval.