Nuseed secures commercial off-take agreement for Carinata with Saipol
Nuseed Pty Ltd, a wholly-owned subsidiary of Australia-headed Nufarm Ltd has announced that it has executed a commercial off-take agreement with Saipol, the largest biodiesel producer in Europe, to supply Nuseed Carinata as a feedstock for certified low carbon oil for renewable fuels and high protein non-GMO meal for livestock feed.
The multi-year agreement follows the first commercial Nuseed Carinata shipment to Saipol’s crush plant in France last month. The Nuseed Carinata production system, currently grown in Argentina, achieved best in class greenhouse gas reduction (GHG), certified by the leading independent globally recognized Roundtable on Sustainable Biomaterials (RSB).
Saipol, a subsidiary of France-headed Groupe Avril, is a European leader in oilseed processing that develops markets for edible vegetable oils and derivatives, protein-rich meals, and low carbon renewable fuels.
Nuseed Carinata is an excellent purpose-built biofuel feedstock with non-GMO high protein meal. From seed to the field and to our processing facility, every step is closely managed by Nuseed and independently certified by RSB, providing us complete confidence in quality, supply, and the substantial GHG reduction we can provide, said Christophe Beaunoir, CEO, Saipol.
Given the rapidly growing needs of the European renewable fuels industry, Nuseed plans to significantly scale-up production of carinata grain in Argentina over the coming seasons, with longer-term plans to develop the crop in additional South American markets and other parts of the world.
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 an 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, said Brent Javra, General Manager Nuseed Global Commercial.