en.Wedoany.com Reported - VAROPreem has completed the acquisition of 100% equity in Sunpine, the world's largest crude tall oil (RTO) biorefinery, to enhance the supply of high-quality renewable feedstocks for producing advanced biofuels such as hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF).
The business will operate under the name VAROPreem Sunpine, integrating Sunpine's proprietary technology and industrial scale with VAROPreem's expanding renewable fuel operations in Europe.
Located in Piteå, Sweden, VAROPreem Sunpine processes approximately 400,000 tons of crude tall oil annually, with the technology developed over nearly two decades. The ISCC-certified feedstock comes from forestry residues, avoiding competition with food production or agricultural land, and can reduce greenhouse gas emissions by up to 99.7% compared to fossil fuels.
Full ownership ensures VAROPreem's long-term access to this scarce and traceable feedstock while optimizing its refining, trading, and logistics network. The acquisition comes as Europe accelerates the deployment of advanced biofuels under the Renewable Energy Directive III (RED III), ReFuelEU Aviation regulations, and FuelEU Maritime regulations.
Feedstock from VAROPreem Sunpine is refined into HVO and SAF at its facilities, supporting the company's strategy to supply both conventional and renewable energy to transportation and industrial customers. Waste heat from the Piteå plant is used for district heating, further enhancing sustainability and supply resilience.
VAROPreem plans continued investment to expand flexibility and achieve future growth.
Dev Sanyal, CEO of VAROPreem Group, stated that Sunpine has built one of Europe's most distinctive renewable fuel businesses, and this acquisition strengthens a strategic value chain while consolidating VAROPreem's position in Europe's energy transition.
David Öquist, CEO of Sunpine, added that joining VAROPreem opens a new chapter, allowing both parties to build on Sunpine's foundation and bring the technology to broader markets.
