• news.cision.com/
  • Raisio Oyj/
  • Raisio and Neste Oil made an agreement on the use of domestic rapeseed oil surplus as raw material for renewable diesel
English

Raisio and Neste Oil made an agreement on the use of domestic rapeseed oil surplus as raw material for renewable diesel

Report this content 
Raisio plc, Stock Exchange Release, 7 September 2010 at 2:15 pm Finnish time    

RAISIO AND NESTE OIL MADE AN AGREEMENT ON THE USE OF DOMESTIC RAPESEED OIL      
SURPLUS AS RAW MATERIAL FOR RENEWABLE DIESEL                                    

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.      

RAISIO PLC                                                                      

Heidi Hirvonen                                                                  
Communications Manager                                                          
Tel. + 358 50 567 3060                                                          

Further information:                                                            
CEO Matti Rihko, tel. +358 400 727 830                                          



Distribution                                                                    
NASDAQ OMX                                                                      
Key media                                                                       
www.raisio.com

Subscribe