Deals Counterparts

VAROPreem to supply Preem Redefine HVO100 to Preem

Supply Agreement Biomass announced Norway Mar 3, 2026
300000 m³
Capacity
operating
Stage
Preem Redefine HVO100
Project

VAROPreem is launching Preem Redefine HVO100, a Nordic Swan-Ecolabelled fuel, in Norway, which will be supplied to Preem.

Deal Analysis

This announced supply agreement sees VAROPreem launching and supplying its Preem Redefine HVO100, a Nordic Swan-Ecolabelled fuel, to Preem in Norway. The deal, announced on March 3, 2026, signifies a strategic move by VAROPreem to establish market presence for its new sustainable fuel product and by Preem to expand its offering of advanced biofuels. While the financial value remains undisclosed, the agreement underscores a commitment from both counterparts to the growing renewable fuels sector. The introduction of Preem Redefine HVO100, distinguished by its Nordic Swan-Ecolabel, positions it as a premium, environmentally certified alternative in the Norwegian fuel market. For VAROPreem, this supply agreement secures a key offtaker for its biomass-derived HVO100, facilitating the commercialization and distribution of its product. For Preem, the deal enhances its portfolio with a high-quality, sustainable fuel, aligning with increasing regulatory and consumer demand for decarbonization solutions in the transport sector, particularly within the environmentally conscious Nordic region. This collaboration highlights the ongoing shift towards sustainable energy sources and the strategic importance of securing supply chains for such products.
  • Launch and supply of Preem Redefine HVO100, a Nordic Swan-Ecolabelled fuel.
  • Strategic supply agreement between VAROPreem (supplier) and Preem (offtaker).
  • Expansion of sustainable fuel offerings in the Norwegian market.
  • Focus on biomass-derived HVO100, a key renewable diesel alternative.

Source Intelligence

KEY DETAILS

The fuel is manufactured at VAROPreem’s manufacturing hub in Gothenburg. It is produced from raw materials such as residues from paper pulp production and food industries, and not from palm oil, palm-based residues, or soybean oil. The fuel delivers a minimum 90% reduction in fossil CO₂ emissions compared with fossil diesel. It is available on the Swedish and Norwegian markets. Quote: "The product is manufactured at VAROPreem’s manufacturing hub in Gothenburg" and "It is produced from raw materials such as residues from paper pulp production and food industries." and "It is not produced from palm oil, palm‑based residues, or soybean oil." and "As a result, the fuel delivers a minimum 90% reduction in fossil CO₂ emissions compared with fossil diesel." and "Available on the Swedish and Norwegian markets."

Capacity
Annual production capacity: 300,000 m³.
Location
VAROPreem is launching Preem Redefine HVO100, a Nordic Swan‑Ecolabelled fuel, in Norway.
Announcement
Tuesday, 03 March 2026
PARTIES MENTIONED IN SOURCE
V
VAROPreem supplier

"VAROPreem is launching Preem Redefine HVO100, a Nordic Swan‑Ecolabelled fuel, in Norway."

c
commercial customers buyer

"will initially be made available through bulk sales directly to commercial customers in the Norwegian market."

medium quality Enriched Mar 4, 2026

Timeline

Announced
Mar 3, 2026
Signed
Closed