Nuseed Limited, a wholly-owned subsidiary of Nufarm Limited, has executed a commercial off-take agreement with Saipol, to supply Nuseed Carinata as a feedstock for certified low carbon oil for renewable fuels and high protein non-GMO meal for livestock feed.
Nuseed Carinata is processed by Saipol, a biodiesel producer, at the Grand-Couronne plant in France.
The multi-year agreement follows the first commercial Nuseed Carinata shipment to Saipol’s crush plant in France in June 2020. The Nuseed Carinata production system, currently grown in Argentina, achieved best in class greenhouse gas reduction (GHG), certified by the leading independent globally recognised Roundtable on Sustainable Biomaterials (RSB).
Saipol processes oilseed that develops markets for edible vegetable oils and derivatives, protein-rich meals, and low carbon renewable fuels.
Brent Javra, Nuseed Global Commercial General Manager, said, “The Saipol off-take agreement demonstrates how the Nuseed Value Chain connects growers to new global end-use markets and adds value at each step and for every participant.
“This agreement enables Nuseed to manage annual contract production with growers for the specific volume, quality, and sustainable production needs of Saipol. Nuseed Carinata provides excellent opportunity for farmers and processors to participate in the global climate change effort through reduced GHG emissions in agriculture and transportation. We are building a production system that creates VALUE BEYOND YIELD® through a differentiated market with very high growth potential for our contract growers and our end-use customers.”
Given the rapidly growing needs of the European renewable fuels industry, Nuseed plans to significantly scale-up production of carinata grain in Argentina over coming seasons, with longer term plans to develop the crop in additional South American markets and other parts of the world.
Read the article online at: https://www.energyglobal.com/bioenergy/22072020/nuseed-and-saipol-confirm-off-take-agreement/