Neste’s acquisition of Mahoney Environmental approved and closed

In Finland, Neste’s acquisition of Mahoney Environmental (Mahoney), a leading collector and recycler of used cooking oil in the United States, has been approved by regulatory authorities, and the deal has been closed.

Neste’s feedstock strategy is focusing on waste and residues growth and the development of new feedstock sources. The company is targeting 100% waste and residues share by 2025. Mahoney Environmental is an important partner for Neste to achieve this goal, as they already have access to a substantial volume of used cooking oil with room to grow across North America.

Mahoney’s unique, integrated business model sets it apart from competitors. Alongside used cooking oil collection and recycling, Mahoney also provides cooking oil equipment installation and design, fresh oil delivery and grease trap cleaning.