Green Plains Inc. has announced that it has acquired SCI Ingredients Holdings, Inc. (SCI) and its wholly owned operating subsidiary Fleischmann’s Vinegar Company, Inc., the world’s largest manufacturer and marketer of food-grade industrial vinegar for $250 million, subject to certain post-closing adjustments. Green Plains entered into a definitive stock purchase agreement with the selling shareholders of SCI and is financing the transaction with $135 million of debt with the balance paid from cash on hand.- Mexico City-based Monarca has announced plans to expand its Yucatan jatropha project by 33,000 hectares. The project is currently focused on producing 30 million gallons of biojet fuel for the Mexican government Aviation Services Department; however, the additional seed oil created will be targeted to U.S. refineries.
- Through its subsidiary, Énergies Sonic inc., La Coop fédérée has announced that it will participate in the pilot project to install multi-fuel stations in Quebec, one of the commitments by the Government of Quebec within the framework of its 2030 Energy Policy. La Coop fédérée is proud to be a part of a group of enterprises, leaders in their domain, comprising Toyota Canada, Gaz Métro, Air Liquide, and the crown corporation, Hydro-Québec, which will make up the steering committee.
- AOG has transferred 75.1% ownership of Addax Bioenergy (SL) Limited, its sugarcane bioethanol and renewable electricity operation in Makeni, Sierra Leone, to a group of investors led by Sunbird Bioenergy Africa Limited. AOG is keeping a minority interest of 24.9% as a mark of its confidence in the future of the business, while Sunbird Bioenergy group will provide the additional financing to take the project to full commercial operation. This handover is made by way of a capital injection by Sunbird Bioenergy group into Addax Bioenergy.
