The acquisition will allow Perstorp’s customers in the Swedish market to grow with Verdis Polaris™, the premium brand of biodiesel. With the acquisition, the company will also be able to support the market in Norway, where environmental awareness is increasing and tougher legislation is coming.
The plant in Fredrikstad produces biodiesel from rapeseed oil just like Perstorp’s current biofuel plant in Stenungsund, Sweden. This acquisition will also add flexibility, allowing development the products even further, both from a winter performance point of view, and by facilitating introduction of other, non-crop based raw materials.
“I am very pleased to be able to conclude this transaction and look very positively on the prospect of continued support of our customers and the development of biofuels both in Sweden and in Norway”, Lars concludes.
The plant will operate under Perstorp’s current site in Stenungsund, and the ambition is to be up and running at the end of this year.