Bunge Loders Croklaan (BLC), the plant-based lipids business of global agribusiness giant Bunge, plans to build a new facility in the Port of Amsterdam, the company announced on 4 November.

Due for completion in 2024, the plant would replace the Maasvlakte refinery in Rotterdam that was sold at the end of last year, the company said, with production at BLC’s current location in Wormerveer also moving to the new facility in phases during 2025.

US-based Bunge said it was planning to invest more than €300M (US$346M) in the new facility on the HoogTij industrial area.

“The new facility enables us to offer a broader… product portfolio of sustainable plant-based oils and fats that better positions us to meet future market demand,” BLC vice president EMEA (Europe, the Middle East and Africa) David Vandermeersch said.

The new plant would lead to direct energy savings of 40% and an expected CO₂ reduction of 90% by 2030, he added.

Construction was due to begin at the end of next year, Bunge said.