Joint venture Olenex has announced an agreement with New Britain Palm Oil Limited (NBPOL) to supply ADM and Asian agribusiness group Wilmar International with fully traceable, certified palm oil in Europe.

The palm oil will be sourced from NBPOL’s Roundtable on Sustainable Palm Oil (RSPO) certified plantations, and will be supplied from NBPOL’s refinery in Liverpool to Wilmar’s Brake facility in Germany, and ADM’s Pura Food operations in London.

According to Olenex, the agreement ensure unprecendened supply chain co-operation, and offers the widest range of palm oil fractions to date.

It also increases the total supply of sustainable palm oil for the UK food market to 350,000 tonnes per year - more than 60% of the UK’s annual palm oil market for food applications.

Alan Chaytor, executive director, NewBPOL, said: “By New Britain Palm Oil supplying to versatile facilities like Wilmar’s Brake, as well as Pura Foods and ADM’s Hamburg, this agreement will help food companies and retailers deliver on their targets of only using 100% sustainable palm oil in the future.”

Richard Benyon, natural environment and fisheries minister, said: “Palm oil from unsustainable plantations causes deforestation and destroys the habitats of endangered species like the orangutan. We welcome this initiative, which makes it easier for manufacturers to do the right thing. It will help us move towards the target of 100% sustainable palm oil in the UK by 2015.”

Olenex - a joint venture between Archer Daniels Midland Company and Wilmar International, was established last year for the sale and marketing of refined vegetable oils and fats.