Verborg Group B.v.

What Verborg Group B.v. does

Verborg Group B.v. is a privately held, family-owned bio-refinery company headquartered in Farmsum, Netherlands, that refines and processes vegetable oils and fats for industrial customers across three primary end markets: agro-feed, food, and technical applications. The company was formed in 2022 as a joint venture between the Borgesius family (brothers John and Goedhart) and the Verhagen family, combining the Borgesius brothers' expertise in vegetable oil sales and product development with the Verhagen family's prior tank storage business (Contitank). Verborg Group operates two ultramodern bio-refineries with a combined annual processing capacity of 400,000 metric tons and 60,000 metric tons of sustainable storage capacity, processing raw materials including coconut oil, RSPO Segregated palm oil, palm kernel oil, and palmstearin.

The company's core technology is an energy-efficient bio-refinery platform designed to surpass conventional energy standards, with a stated commitment to net-zero production and significant CO2 reduction versus traditional refining. Operations are anchored by direct sea access via a company-owned jetty at the North Sea (9m depth at high tide, 230m maximum berth), enabling efficient raw material import and product export. The company operates an in-house laboratory for quality control at every stage of the supply chain, holds RSPO Segregated certification with all palm oil suppliers required to comply with NDPE (No Deforestation, No Peat, No Exploitation) policies, and holds patented vegetable oil recipes developed by the founding Borgesius brothers. The historic 1967 Nedalco factory was retrofitted into a modern bio-refinery, preserving heritage structures while deploying current-generation processing equipment.

Commercially, Verborg Group runs a B2B enterprise field-sales motion targeting large industrial customers in agro-feed, food, and technical applications, with an emphasis on long-term partnerships and co-developed product solutions. Pricing is negotiated per contract with no public pricing information disclosed. The go-to-market relies on direct sales relationships, supplemented by a corporate website, an email newsletter, and earned media coverage. A second, more efficient bio-refinery ('Groene Doorgroei Verborg Group') is under construction, partially funded by the European Union's Just Transition Fund, with a new headquarters and expanded capacity scheduled to open in October 2025. The company closed 2024 with over 100 million euros in turnover, having begun commercial operations in February of that year.

Name

Verborg Group B.v.

Legal name

Verborg Group

Website

https://verborggroup.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Verborg Group B.v. is a privately held Dutch bio-refinery that refines and processes vegetable oils and fats for B2B industrial customers in agro-feed, food, and technical applications, operating two facilities with 400,000 metric tons of annual capacity.

Ownership category

akta.pro rank

Product category

Vegetable Oil Refining and Processing

NAICS

Fats and Oils Refining and Blending (311225), Starch and Vegetable Fats and Oils Manufacturing (31122)

SIC

Fats & Oils (2070)

akta.pro primary industry

Palm Oil Milling, Refining & Fractionation (AFAKAEAB)

akta.pro secondary industries

Coconut Oil Processing (AFAKAEAD), Tropical Oils & Fractions (Palm, Palm Kernel, Coconut) (AFAJALAD), Edible Oils & Fats Trading/Wholesale (AFAIAKAC)

Keywords

• Vegetable oil refining
• Bio-refinery processing
• Plant-based oils
• Industrial oil processing
• Sustainable palm oil

Headquarters

HQ city

Farmsum

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Vegetable oil refining and processing: Refining and processing vegetable oils for clients. The company processes raw materials including coconut, palm, palm kernel, and palmstearin into finished products for agro-feed, food, and technical applications. Revenue generated through processing fees and product sales to industrial customers.
2. Product sales: Direct sale of refined vegetable oils and fats to customers in industrial sectors.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Verborg Group B.v. refines and processes vegetable oils and fats — coconut, palm, palm kernel, and palmstearin — at two ultramodern bio-refineries in Farmsum, Netherlands, with a combined capacity of 400,000 metric tons per year and 60,000 metric tons of storage. Output is sold to industrial buyers in three segments: agro-feed (animal feed ingredients), food (ingredients and processing oils), and technicals (biodegradable lubricants, cleaners, coatings, and other industrial applications). The company emphasizes sustainability through RSPO Segregated certification and energy-efficient, net-zero-oriented production.

Product overview

Verborg Group B.v. is a family-owned bio-refinery company jointly operated by the Borgesius and Verhagen families, founded in 2022. The company operates two ultramodern bio-refineries with a combined capacity of 400,000 metric tons per year, processing vegetable oils and fats for three core markets: agro-feed, food, and technical applications. Their product portfolio includes refined coconut oil, palm oil (RSPO Segregated certified), palm kernel oil, and palmstearin. The company is constructing a second, even more efficient bio-refinery called 'Groene Doorgroei Verborg Group' to meet growing demand for sustainable certified vegetable oils.

Differentiator

Problem solved

Functional benefit

Products and services

• Refined Coconut Oil Plant-based coconut oil refined at the Farmsum bio-refinery for industrial buyers in agro-feed, food, and technical applications segments.
• Refined Palm Oil (RSPO Segregated) RSPO Segregated certified palm oil refined for industrial customers, sourced solely from certified suppliers with approved NDPE (No Deforestation, No Peat, No Exploitation) policies.
• Refined Palm Kernel Oil Refined palm kernel oil produced for various industrial and food applications.
• Palmstearin Specialized palm oil derivative produced for technical applications and industrial buyers.
• Sustainable Vegetable Oil Processing Services Bio-refinery processing services for vegetable oils focused on sustainability, energy efficiency, and net-zero production goals, performed at the Farmsum facilities.

Quantifiable outcome

• 400,000 metric tons annual refinery capacity
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• SNN (Samenwerkingsverband Noord-Nederland)minorStrategic or Co-development PartnerSNN published an article detailing Verborg Group's journey and ambition for their bio-refinery expansion project 'Groene Doorgroei Verborg Group'. The regional development agency featured the company in their publication highlighting successful Northern Netherlands industrial projects.

Scale indicators5 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• AAK: Swedish-Danish specialty oils and fats company serving food, technical, and feed end markets globally. Directly comparable to Verborg in product portfolio and customer-segment approach, and competes head-to-head in European value-added vegetable oil applications.
• KLK OLEO: Malaysian producer of palm-based oleochemicals and specialty fats for food, personal care, and industrial applications. Closely comparable to Verborg's technical applications segment and tropical oil fractionation.
• Peter Cremer: German-headquartered global fats and oils trader and processor with European refining infrastructure. Directly comparable mid-sized peer with similar multi-oil portfolio and industrial customer base.
• Musim Mas: Major Indonesian palm oil integrated processor and refiner supplying global food and oleochemical markets. Competes directly with Verborg for European palm oil refining volume.

Broad incumbents

• Wilmar International: World's largest palm oil processor with vertically integrated plantations, refining, and downstream oleochemical operations. A dominant upstream and midstream competitor to Verborg in tropical oils.
• Louis Dreyfus Company: Global commodity trader and oilseed processor with European refining assets. Overlaps with Verborg in palm, coconut, and specialty oil distribution to industrial customers.
• ADM: Major global agribusiness with extensive oilseed crushing and refining capacity. Sells into the same food, feed, and industrial vegetable oil markets as Verborg, particularly in Europe.
• Croda International: UK-listed specialty chemicals company with a sizeable bio-based and oleochemicals division serving personal care, crop care, and industrial markets. Adjacent incumbent with overlapping technical-grade vegetable oil offerings.
• Cargill: Global agribusiness with one of the largest vegetable oil refining footprints worldwide. Operates palm, soy, and tropical oil refining at far greater scale, serving overlapping food and industrial customers in Europe.
• Bunge: Global oilseed processor and refiner with significant European operations. Competes with Verborg for food and feed oil customers and has comparable palm and tropical oil refining capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verborg Group B.v.