Commodity Online
Neste Oil and Raisio have
entered into an agreement on the use of domestic rapeseed oil surplus
as raw material for renewable diesel.
Neste Oil and Raisio have
agreed on long-term cooperation regarding the utilisation of Raisio’s
rapeseed oil surplus as a renewable diesel raw material of Neste Oil.
According to the agreement, starting from October 2010 Neste Oil will
use all the rapeseed oil generated as a by-product in Raisio’s feed
protein production that has no market in the food chain.
With
this agreement, rapeseed oil produced in Finland will become a
remarkable raw material source in the renewable diesel production of the
Porvoo refinery.
"We are pleased that the proportion of
domestic raw material will grow at the Porvoo refinery. Until now, we
have used practically all domestic waste animal fat sourced from food
industry at our NExBTL plants. We have also used rapeseed earlier, but
this agreement enables us to use it even more", says Jarmo Honkamaa,
Deputy CEO of Neste Oil and Executive Vice President in its Renewable
Fuels business area.
The agreement is also extremely important
from the perspective of the Finnish food chain. For its part, it enables
the development of Finnish feed protein production and the
strengthening of protein self-sufficiency. More extensive cultivation
opportunities of oil plants will bring a significant addition to the
diversity of field cultivation and strengthen the security of supply in
Finland.
"This cooperation agreement with Neste Oil will open
new opportunities for Raisio to stabilise and develop the feed protein
business together with our contract farmers and plant processing
partners", says the CEO Matti Rihko.