The lease extension signals long-term confidence in European markets where government policy provides clear long-term support for biofuels.
Since acquiring the facility in 2018, Greenergy has invested heavily in converting to waste oil feedstocks and expanding capacity. Expansion in 2024 boosted output by 25% and broadened the range of waste oils the facility can process to meet rising demand for waste-based biofuels.
The company credits the Dutch Government’s commitment to steadily raising biofuel mandates as creating the certainty needed for continued investment.
UK production risk
CEO Adam Traeger said: “Our extended lease demonstrates our commitment to the Netherlands, where there is support for the industry and clear long-term policies. Where we see policy certainty, we are prepared to invest.”
The move contrasts with Greenergy’s UK operations, where its biodiesel plant at Immingham faces closure amid weak blending mandates, high energy costs and competition from subsidised imports.
Industry leaders warn that without more ambitious action on the Renewable Transport Fuel Obligation (RTFO), the UK risks losing production altogether while Europe accelerates ahead.
You can read more on UK biofuel industry challenges in the September issue of Fuel Oil News magazine: Subscribe here: Subscribe to Fuel Oil News magazine | Fuel Oil News
Image provided by Greenergy