Perstorp acquires biofuel plant in Norway

10:16 AM, 3rd September 2015

PERSTORP, SWEDEN: Perstorp AB said that the biofuel market is developing rapidly and in order to grow its business, it intends to acquire an existing biodiesel plant in Fredrikstad, Norway. The plant will be up and running at the end of this year.

“We have ambitious growth plans for biofuels and we see how the demand will increase to meet the global climate challenges. In order to grow with the market, we need to secure more production capacity. With the Norwegian facility, we can almost double our current capacity,” said Lars Lind, vice president, biofuels, Perstorp.

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. It will operate under Perstorp’s current site in Stenungsund.

This acquisition will also add flexibility, allowing development of products even further, both from a winter performance point of view and by facilitating introduction of other, non-crop based raw materials, it said.

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