Press Release: Long-term Supply and Marketing Agreement between BIOFIELDS and HELM AG
BIOFIELDS S.A.P.I. DE C.V. and HELM AG today jointly announce that they have signed an Exclusive Supply & Marketing Agreement for the worldwide distribution of Castor Oil to be produced in México.
México City/ México, Hamburg/ Germany
March 7, 2014
BioFields will start the first phase of production of Castor Oil in 2015 and plans to scale up the production capacity to 150,000 mt p.a. in the coming years.
By signing this agreement BioFields has taken a significant step towards its plan to establish a world scale and sustainable Castor Oil production platform in México.
The role of HELM in this long-term Agreement is the exclusive marketing and distribution of the entire production volume globally, including the management of the supply chain. BioFields will supply HELM for at least 15 years.
Castor Oil is a product which is used in a wide range of industries, including Polyamides, Polyurethanes, Lubricants and Oleochemicals. BioFields produces Castor Oil by combining its unique plantation and harvesting methods with state of the art technology.
Eduardo Gonzalez, CEO of BioFields, underlined the commitment of both companies to this project: “BioFields has found a trusted partner in HELM. HELM brings its unique skills in order to build a strong chain of supply for Castor Oil and BioFields is working hard to increase our production capacity. We are setting up a state of the art operation.”
Axel Viering, Executive Director of the Business Unit Derivatives at HELM AG adds: “HELM is pleased to participate with BioFields in this long-term and sustainable Castor Oil project. It will complement the strength of HELM in the global marketing of chemicals and bio-based raw materials.”