In addition, the company plans to forge similar agreements with various biodiesel refineries at strategic locations across Europe.

The company, which converts waste oils into sustainable biodiesel, will assist member states in achieving EU renewable energy targets.

Ennovor claims waste oils and residues featuring relatively higher GHG savings than traditional vegetable oil feedstocks are becoming an increasingly key component in the European biodiesel mix.

Welcoming the partnership, Ennovor CEO David Frohnsdorff said that the move is pushing the company closer to its aim of steadily increasing its refining capacity.

"The move marks the start of an ongoing and successful relationship and brings further progressive developments to the biodiesel industry," added Frohnsdorff.