Mercuria Energy Group Limited has agreed to acquire an undisclosed stake in N+P Group BV, the Netherlands-based industrial residues recycling specialist, for an undisclosed consideration. Post transaction, Jennissen Family will own majority stake in N+P.
Founded in 1993, N+P has focused on decarbonizing the production processes of large energy-consuming industries globally. N+P uses non-recyclable waste fractions that would otherwise be landfilled or incinerated as feedstock to produce alternative fuels. By switching to fuels produced by N+P, these industries can not only reduce their costs prices, but also benefit from significant CO2 savings and contribute to landfill diversion. It also provides various industries with new incentives on how to best reduce their carbon footprint.
Over the next five years, N+P intends to significantly increase the number of production plants, including global expansion catalysed via synergies with Mercuria’s global trading platform. N+P expects to announce the development of the first new plants in the coming months. In parallel to a rapid expansion of alternative fuel production facilities, N+P is also aiming to grow the legacy business of bridging waste to value: waste to energy feedstock trading and development and supply of alternative raw materials, in which the Jennissen family has almost 30 years of experience.
White & Case, Brachers and Deloitte acted as advisors to N+P, Freshfields Bruckhaus Deringer has acted as advisor to Mercuria.