BASF and Innovative Oil and Carbon Solutions (INOCAS) signed an agreement to develop and supply the chemicals company with environmentally sustainable macaúba oil for its Personal and Home Care portfolio in Brazil and Europe. The partnership will finance INOCAS’ plans to expand macaúba oil production in Brazil on an industrial scale, strengthening the country’s position in the bioeconomy. The long-term supplier finance agreement includes the offtake of macaúba kernel oil and macaúba pulp oil, an R&D project and options to acquire equity shares in INOCAS in the future.
