Raisio and Neste Oil Make Biodiesel Agreement for Rapeseed Oil Surplus

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.

Sep 8 2010 --- Raisio and Neste Oil 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 Neste Oil 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.