North Sea Group, the largest independent fuel supplier in the Benelux, 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 São Paulo, Brazil. One of the NSGE goals is to achieve complete integration of a fully sustainable supply chain to downstream end use.
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 decision to concentrate on biodiesel from residue flows and on bioethanol from sugarcane, both of which sources comply with sustainability requirements.
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 will also develop industrial, pharmaceutical, cosmetics and potable grades.