Neste completes acquisition of Dutch animal fat trader IH Demeter

By Ron Kotrba | September 05, 2018

Renewable diesel producer Neste Corp.’s acquisition of 51 percent of the shares and, as a result, the controlling interest in animal fat trader IH Demeter B.V., first announced in May, has been approved by the authorities and is now complete. The former owners remain co-owners of the company, now called Neste Demeter B.V.

“I am glad that the co-owners trusted us to be the best partner in taking their business to the next level,” said Kaisa Hietala, an executive vice president with Neste. “With an efficient European-wide logistical setup, the company is well positioned to serve Neste in delivering future raw material volumes to Neste’s renewable product refineries.”