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An update from Green Oleo S.P.A. ( (IT:GRN) ) is now available.
Green Oleo S.P.A. has achieved a significant milestone by including 26 esters from renewable sources in the EU Ecolabel Lubricant Substance Classification List, with plans to add 18 more by February 2025. This advancement highlights the company’s commitment to sustainability and enhances its position in the biolubricant market, allowing customers to formulate biolubricants with reduced environmental impact while maintaining high performance standards. The development aligns with Green Oleo’s strategy to offer renewable products without compromising on quality, potentially benefiting stakeholders across various industrial applications.
More about Green Oleo S.P.A.
Green Oleo S.P.A., established in 2012 following the acquisition by the Buzzella Family, is a leading European producer of fine oleochemicals derived from renewable and biodegradable sources. Based in Cremona, the company specializes in producing various oleochemical products such as distilled fatty acids, glycerines, and esters, serving sectors like detergents, cosmetics, and paints. Green Oleo prides itself on using local raw materials and implementing sustainable processes to maintain high environmental standards.
YTD Price Performance: -7.61%
Average Trading Volume: 28,425
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €27.5M
See more data about GRN stock on TipRanks’ Stock Analysis page.
