Bunge and Olleco sign UCO JV

In Missouri, Bunge and Olleco, 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 manufacturing customers in Europe – excluding UK and Ireland – to supply oils and ensure the used cooking oil (UCO) 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.