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UK market excluded from Olleco’s European cooking oil JV

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A new European business set up by Olleco and American firm Bunge to reuse restaurant cooking oil for renewable fuels won’t include the UK and Ireland, the companies have confirmed.

The 50/50 joint venture is expected to work with foodservice and food manufacturing customers in Europe to supply oils and ensure the used cooking oil is efficiently collected and used as a feedstock in the production of renewable fuels.

The solutions and services to be offered will help address environmental and energy security challenges from key markets in Europe, but they won’t be available in the UK.

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The partnership, headquartered in Amsterdam, aims to leverage Bunge’s customer relationships, footprint and global expertise in vegetable oil production and Olleco’s market leading model in the supply, collection and conversion of cooking oils.

Joe Kenny, CEO of Olleco, said: “This is an exciting step for Olleco in Europe. The 50/50 joint venture will accelerate our expanding footprint allowing us to unlock a wider, professionalised 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.”

Greg Heckman, CEO of Bunge, said: “We are pleased to partner with Olleco as we expand our portfolio of renewable feedstocks in Europe. Together, we share a commitment to sustainability and to finding innovative solutions to reduce carbon in our value chains.”

Olleco is the UK’s leading supplier of premium cooking oils and collector of used cooking oil and food waste.

The oil it collects is converted into high-grade biofuels and the food waste collected is transformed into renewable energy and fertiliser.

Olleco has grown into one of the nation’s most successful sustainability specialists, employing more than 1,000 people at 19 sites servicing 50,000 catering establishments.

Olleco promises to turn kitchen waste into wonga

Tags : Bungecooking oilOlleco
Andrew Seymour

The author Andrew Seymour

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