Perstorp set to purchase Norwegian biodiesel plant

Perstorp has announced its intent to acquire an existing biodiesel plant in Fredrikstad, Norway.

‘We have ambitious growth plans for biofuels, now and in the future, and we see how the demand will increase to meet the global climate challenges,’ says Lars Lind, vice president – biofuels at Perstorp.

‘In order to grow with the market, we need to secure more production capacity, and with the Norwegian facility we can combine Perstorp’s unique expertise with existing equipment. With the new facility, we can almost double our current production capacity.’

The acquisition will allow Perstorp’s customers in the Swedish market to grow with Verdis Polaris, the company’s 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 upcoming.

The plant in Fredrikstad produces biodiesel from rapeseed oil, similarly as Perstorp’s current biofuel plant in Stenungsund, Sweden.

This acquisition will also allow Perstorp to develop its products further, both from a winter performance point of view, and by facilitating introduction of other, non-crop based raw materials.

The plant will operate under Perstorp’s current site in Stenungsund, and start-up is expected at the end of this year.