Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Social Impact Ventures exits GoodFuels with FinCo acquisition



ImpactAlpha, January 29 – Dutch alternative energy company GoodFuels launched five years ago to introduce sustainable plant-based biofuels to the heavy transport and shipping industries, which play a big role in energy-related greenhouse gas emissions. GoodFuels says its alternative fuels can cut fuel-based carbon emissions by 75% to 100%.

Dutch impact investor Social Impact Ventures took an undisclosed stake in the company in 2018. Less than two years later, GoodFuels has been acquired by the renewables arm of FinCo Fuels Group.

FinCo isn’t a clean fuels company (it owns Gulf, and BP-branded fuel retailer Dalhuisen), but the company couches its long-term success in “offering its customers a portfolio of fuels with a reduced carbon footprint.”

“We believe that in FinCo, we have found the right partner to create a responsible exit and take Goodfuels and its impact to the next level,” Social Impact Ventures wrote in a recent newsletter. As part of the acquisition, FinCo committed to reporting on GoodFuels’ established impact targets.

GoodFuels’ milestones since Social Impact Ventures invested include backing Dutch shipping company Boskalis in rolling out the first 100%-biofuel dredging vessel and helping OCEANDIVA, a company that hosts boat-based corporate events, convert to biofuel-powered ships. 

You might also like...