Dutch used cooking oil biodiesel (UCOME) producer Sunoil has bought bankrupt Biodiesel Kampen’s plant for an undisclosed price.
Sunoil planned to start production at the plant in the first or second quarter of 2020, spokesperson Kees Jongsma told S&P Global on 16 October.
The plant – which can produce 80,000 tonnes/year of biodiesel – was put up for sale after Kampen was declared bankrupt on 26 August, with the owner, Cees Bunchoten, jailed for 30 months for forging documents, fraud and money laundering. The company was also accused of wrongly certifying the biodiesel it sold as sustainable.
The investigation led to a large price increase of UCOME in Europe, linked to lack of availability due to the uncertainty caused by the Kampen case, S&P Global wrote.
However market sources said the prices had levelled out.