ZUG, Switzerland, March 25, 2010 /PRNewswire/ -- North Sea Group, the largest independent fuel supplier in the Benelux, is pleased to announce that it has set up a new subsidiary that will focus on ethanol sales and distribution. The new venture, which is called North Sea Global Ethanol (NSGE), has its headquarters in Zug, Switzerland, and initially a subsidiary in Sao Paulo, Brazil. One of the NSGE goals is to achieve complete integration of a fully sustainable supply chain to downstream end use.
Responsible and sustainable CO2 reduction
The market for biofuels is continuing to grow rapidly due to legislative and social factors. North Sea Group, which was formed by the merger of the Van der Sluijs Groep and FNR+ Holding (Frisol, North Sea Petroleum, Reinplus Vanwoerden), has made a conscious decision to reduce CO2 emissions in a responsible and sustainable manner. This means concentrating on biodiesel from residue flows and on bioethanol from sugarcane, both of which sources comply with sustainability requirements.
Trading, distribution and investment focusing on global ethanol markets
NSGE is an international ethanol trading, distribution and investment company that is focusing on all global ethanol markets. It will not only handle fuel ethanol but is also firmly committed to developing the industrial, pharmaceutical, cosmetics and potable grades. The Group's aim is to have other offices and/or subsidiaries in strategic markets in the near future. To achieve these goals, NSGE combines North Sea Group's extensive financial, trading and logistics expertise within its fuel business with the expertise of a highly experienced ethanol trading team that has just joined NSGE.
About North Sea Group
North Sea Group is a key player in the downstream oil market. The company combines storage and distribution with the international trading and sale of mineral oils and biofuels. Its customers, including major oil companies, the international shipping industry, trading houses and traders, have relied on the product quality and market-oriented approach of North Sea Group for decades. By expanding into Asia and South America, the European company is further broadening its position in the increasingly global oil market, paying close attention to issues of safety, sustainability and the environment. A pioneer in the large scale marketing and distribution of biofuels in the Benelux, North Sea Group has set the market standard by blending biofuels with mineral oil.
SOURCE: North Sea Group
CONTACT: For further information please contact Peter Nohlmans, CEO, NorthSea Group, +31-162-586-216, press@northseagroup.eu.
Comments