Miller Magazine Issue: 155 November 2022

Bunge, a leading producer of plant-based oils, and Ol- leco, the renewables division for ABP Food Group, announced an agreement to form a 50/50 joint venture to create a business that encompasses the full life-cycle of edible oils. The joint venture is expected to work with foodservice and food manufac- turing customers in Europe - exclud- ing UK and Ireland - to supply oils and ensure the used cooking oil (UCO) is efficiently collected and used as a feedstock in the produc- tion of renewable fuels. The solutions and services to be offered will help ad- dress environmental and energy security challenges from key markets in Europe. “We are pleased to partner with Olleco as we expand our portfolio of renewable feed- stocks in Europe. Together, we share a com- mitment to sustainability and to finding innova- tive solutions to reduce carbon in our value chains,” said Greg Heckman, Bunge CEO. The partnership, headquartered in Amsterdam, is expected to leverage Bunge’s customer relationships, footprint and global expertise in vegetable oil production and Olle- co’s market leading model in the sup- ply, collection and conversion of cook- ing oils. “This is an exciting step for Olleco in Europe. The 50/50 joint venture will accelerate our expanding foot- print allowing us to unlock a wider, pro- fessionalised service to the food industry that works to capture this valuable resource. We’re delighted to partner with Bunge, a company that is agile, innovative and committed to the renewables space,” commented Joe Kenny, Olleco CEO. Olleco and Bunge agree to joint venture to create a full life-cycle oil collection business in Europe Cimbria.com A/S Cimbria Thisted, Denmark Phone +45 96 17 90 00 cimbria.holding@agcocorp.com You Have A Vision For Your Business . Cimbria can bring it to life. We’ve been doing it for 75 years. With dedicated experts at your side from start to finish and beyond, Cimbria will help you grow with confidence. So you can look forward to a prosperous future. Do you have a unique grain or seed processing challenge? From customized plant design to turnkey installations and expert support, Cimbria can help find the right solution for your success. NEWS