RAISIO SELLS RAPESEED OIL TO NESTE OIL FOR RAW MATERIAL OF BIODIESEL
Raisio plc Press release 5 June 2007 at 11:00 am
RAISIO SELLS RAPESEED OIL TO NESTE OIL FOR RAW MATERIAL OF BIODIESEL
Raisio plc and Neste Oil plc have signed an agreement providing that Raisio will
deliver to Neste Oil 10,000 metric tonnes of rapeseed oil, refined in Finland,
for raw material of biodiesel during 2007. The deliveries will commence in the
autumn of 2007.
“New use for rapeseed oil refined in Finland also strengthens the future outlook
of the domestic cultivation of oil plants. This enables Raisio's strong
investments in developing contract farming and the chain of refining. We are
currently negotiating with Neste Oil on co-operation in raw materials also for
the years to come,” says Matti Rihko, CEO of Raisio.
Oil pressed by Raisio's oil milling business is used by the company's food and
feed businesses. Furthermore, oil is sold to other Finnish food companies, as
biological raw material and for export.
RAISIO PLC
Heidi Hirvonen
Communications Manager
Additional information:
Matti Rihko, CEO, tel. +358 2 443 2716 or +358 400 830 727
Leif Liedes, President, Feed & Malt Division,
tel. +358 2 443 2768 or +358 50 608 26
Kimmo Rahkamo, Executive Vice President, Neste Oil plc, tel. +358 10 458 4247
Distribution:
OMX Helsinki
Key media
www.raisio.com