Greenergy acquires 100% of Singaporean UCO exporter Rexon Energy

September 5, 2018 |

In the UK, Greenergy has acquired 100% of the shares of Rexon Energy, a used cooking oil exporter based in Singapore. This is an upstream investment for Greenergy to provide raw materials for its biodiesel manufacturing operations.

“We have increased our purchasing of used cooking oils from around the world over a number of years and Rexon has become a significant supplier. Our acquisition of Rexon provides greater integration in this part of our supply chain,” said Greenergy CEO Andrew Owens.

Greenergy continues to expand its manufacturing operations through incremental investment at its facilities on Teesside and at Immingham in the UK, and has also recently acquired a biodiesel manufacturing facility in Amsterdam which is due to commence production in 2019.

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Category: Fuels

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