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Neste Snares Netherlands Refinery for €258Mn (M&A, Int'l Report)
Neste
Date: 2020-11-04
Espoo, Finland-headquartered renewable diesel specialist Neste Corp. reporting it will purchase the Rotterdam-based Bunge Loders Croklaan refinery for €258 million, subject to regulatory approvals.

The refinery, which is located next to Neste's existing biorefinery, will be used for the pretreatment of renewable raw materials. (Source: Neste, PR, 3 Nov., 2020) Contact: Neste Corp., Thorsten Lange, Exec. VP, +358 10 458 4128, www.neste.com

More Low-Carbon Energy News Neste,  Iowa State U,  


BP Plans Major Bioenergy Production Increase (Ind. Report)
BP
Date: 2020-08-07
In the UK, London-headquartered oil industry major BP is reporting a new strategy to transform from an international oil company focused on producing resources to an integrated energy company and become a net zero company by 2050.

Specific to bioenergy and biofuel, BP aims to increase its bioenergy production from 22,000 bpd to more than 100,000 bpd, including a 20 pct biojet market share. The target for 100,000 barrels per day will include advantaged co-processing in BP's refineries and third-party facilities. BP is aiming for 50,000 bpd by 2025 and will seek to grow its ethanol production through its Brazilian joint venture, BP Bunge Bioenergia, and refinery bio co-processing production. (Source: BP, PR, 4 Aug., 2020) Contact: BP, www.bp.com/en/global/corporate/contact-us.html; Bunge, www.bunge.com

More Low-Carbon Energy News BP,  Bioenergy,  Biofuel,  Bunge,  


Southwest Iowa Renewable Energy Snares Bunge Ethanol Plant Stake (Ind. Report, M&A)
Southwest Iowa Renewable Energy
Date: 2020-01-06
White Plains, NY-based agribusiness major and ethanol producer Bunge Ltd is reporting the sale of its equity stake in an ethanol plant in Iowa to Council Bluffs-based Southwest Iowa Renewable Energy LLC (SIRE). Under the deal Bunge will purchase all of the plant's the ethanol production.

According to its website, SIRE is a dry-mill grain processing facility that produces over 110 million gpy of fuel grade ethanol, over 365,000 tpy of Dried Distillers' Grain (DDGs) with the ability to produce Wet Distiller Grains (WDGs), as well as approximately 90,000 ppd of corn oil. The facility will consume over 44.6 million bpy of corn feedstock from southwestern Iowa and several counties in southeast Nebraska. (Source: Bunge, Biofuel Int'l., 6 Jan., 2020) Contact: Southwest Iowa Renewable EnergyLLC, Mike Jerke, CEO, 712-366-0392 www.sireethanol.com; Bunge Ltd, (914) 684-2800, www.bunge.com

More Low-Carbon Energy News Bunge,  Ethanol,  DDGs,  


BP Bunge Bioenergia Joint Venture Formation Completed (Ind. Report)
BP, Bunge,BP Bunge Bioenergia
Date: 2019-12-04
Following up on our 24th July report, UK petroleum and energy major BP and White Plains, NY-based agribusiness and ethanol producer Bunge Ltd. are reporting the formation of BP Bunge Bioenergia, the Brazilian bioenergy joint venture that combines their Brazilian bioenergy and sugarcane ethanol businesses.

The joint venture has 11 biofuels sites in five Brazilian states and more than 1.5 billion lpy of ethanol production capacity. (Source: BP Bunge Bioenergia, PR, Energy Global, Dec., 2019) Contact: Bunge, www.bunge.com; BP, www.bp.com

More Low-Carbon Energy News BP Bunge Bioenergia,  Ethanol,  Biofuel,  BP,  Bunge,  


BP, Bunge Partner on Brazilian Biofuels JV (Int'l. Report)
BP Alternative Energy,Bunge
Date: 2019-07-24
UK petroleum and energy major BP reports it and White Plains, NY-based agribusiness major and ethanol producer Bunge Ltd. will enter into a 50/50 joint venture (JV) to establish BP Bunge Bioenergia which will operate 11 mills in Brazil, one of the largest fast-growing markets for biofuels in the world.

The new company will have a combined crushing capacity of 32 million metric tpy and will produce a mix of ethanol and sugar. It will also generate renewable electricity from waste biomass from sugar cane, which will power all sites with surplus electricity being sold to the Brazilian power grid. Bunge will receive cash proceeds of $775 million in the transaction. which the company will use to reduce outstanding indebtedness under its credit facilities. The JV will be headquartered in Sao Paulo, Brazil, with Bunge's Geovane Consul as CEO. (Source: Bunge, BP, Biofuels Int'l, 22 July, 2019) Contact: BP Alternative Energy,Dev Sanyal, CEO, www.bp.com/en/global/corporate/what-we-do/alternative-energy.html; Bunge Ltd, (914) 684-2800, www.bunge.com

More Low-Carbon Energy News BP Alternative Energy,  Bunge,  Biofuel,  Brazil Biofuel,  Ethanol,  


BP, Bunge Considering Brazilian Ethanol JV (Int'l Report)
Bunge,BP
Date: 2019-07-10
Bloomberg is reporting UK oil giant BP and White Plains, NY-based agribusiness major and ethanol producer Bunge Ltd. are in preliminary discussions on a possible sugar and ethanol joint venture in Brazil -- a major sugar and ethanol producing country.

BP has been producing ethanol in Brazil since 2008 with three mills . Bunge has eight mills with capacity to process 22 million tons. (Source: Bloomberg, 19 July, 2019) Contact: Bunge Ltd, (914) 684-2800, www.bunge.com

More Low-Carbon Energy News Bunge,  BP,  Ethanol,  Brazil Ethanol,  


Ergon Shuttering Vicksburg, Miss. Ethanol Plant (Ind. Report)
Ergon Biofuels,Bunge
Date: 2018-09-17
Ergon BioFuels LLC, a subsidiary of Jackson, Mississippi based Ergon, Inc., reports it is closing its ethanol plant at the Port of Vicksburg, Mississippi, this December.

The 56.5 million gpy plant was constructed in 2007 as a joint venture between Ergon Ethanol, Inc. and White Plains, New York-headquartered Bunge North America Inc. The plant had previously halted production in December 2012. Ergon purchased Bunge's ownership in the facility in 2013 and restarted the plant in July 2015. (Source: Ergon Website, PR, Contact: Ergon, (601) 933-3000, http://ergon.com; Bunge Ltd, (914) 684-2800, www.bunge.com

More Low-Carbon Energy News Ergon,  Biofuels,  Ethanol,  Bunge,  


German Biodiesel Producer Blames Dumping for Cutback (Int'l)
Natural Energy West
Date: 2018-04-11
Hamburg, Germanby-headquartered biodiesel and glycerin producer Natural Energy West GmbH reports it is temporarily cutting biodiesel output by 50 pct due to European Union biodiesel imports from government subsidized Argentinian and Indonesian producers.

Natural Energy West GmbH, which is jointly owned by German cooperative AGRAVIS, agribusiness Bunge, France's Diester International and German oilseeds crusher C. Thywissen. The company produces about 240,000 tpy of biodiesel at its plant in Marl. Production at the Marl plant will continue as necessary to meet existing contracts, according to a statement. (Source: Natural Energy West, Reuters, 9 April, 2018) Contact: Natural Energy West, Detlef Volz, CEO, +49-2365-4986-554, www.chemsite.de

More Low-Carbon Energy News Natural Energy West,  Biodiesel,  

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