Neste completed the acquisition of the used cooking oil collection and aggregation business of Crimson Renewable Energy.

Neste, an oil refining and marketing company, completed the acquisition of the used cooking oil collection and aggregation business of Crimson Renewable Energy, an industrial organic chemicals manufacturer. Financial terms were not disclosed. "The completion of this transaction is another important step for Neste in growing renewable and circular solutions, following our strategy. We are strengthening our presence and operations in the United States and on the US West Coast which is an important market for servicing our customers and the location for our joint venture for renewable diesel production in Martinez, California. I am happy to welcome the team to join Neste's operations in the US,” Matti Lehmus, Neste President and CEO.