Huntsman Corporation, USA and Asian agribusiness group Wilmar International announced on 10 April that Wilmar’s wholly-owned subsidiary, Wilmar Europe Holdings BV, had agreed to purchase Huntsman’s European commodity surfactants business for an undisclosed sum.
EurObserv’ER released in March the 2013 edition of its renewable energy report, which said that final energy consumption from renewable resources increased significantly in 2012, Ethanol Producer Magazine reports.
The European Commission (EC) has stated that it would consider investment aid in a new and existing capacity for food-based biofuel unjustified “in view of the overcapacity of the food-based biofuel market”. The view was expressed as part of new rules on public support for environmental protection and energy projects, which the EC adopted on 9 April.
Brazil’s second-largest sugar and ethanol producer, BioSev SA – controlled by French commodities trader Louis Dreyfus – announced in March it would pare back its investment plans to align itself with what it considers “a prolonged downward cycle… and depressed prices” in the sector, Reuters reports.
China’s biggest grains trader, Cofco Corp, announced in February it was buying a 51% stake in Dutch peer Nidera, in a deal that would give the world’s most populous country direct access to South American grain and oilseed supplies, Reuters reports.
US President Barack Obama’s Fiscal Year 2015 budget proposal released on 4 March calls for extending a tax credit for cellulosic biofuels and puts forward the idea of cutting billions in fossil fuel subsidies, Ethanol Producer Magazine reports.
In March, Syngenta AG said it had halted commercial sales in Canada of corn seed containing a new and controversial genetically modified (GM) trait because major importers had not approved the product, Reuters reports.
Canadian grain and oilseed handling leader, Viterra Inc, announced on 28 February that it had completed its acquisition of certain assets of Lethbridge Inland Terminal Ltd, including a high-throughput grain elevator with a capacity of 42,000 tonnes.
Following the successful start-up of its first world-scale joint venture biorefinery in Indonesia, Elevance Renewable Sciences says that its second biorefinery would begin operations in 2016 in Natchez, Mississippi, USA in order to expand production of its high-value performance speciality chemicals, olefins and oleochemicals.
The European Renewable Ethanol Association (ePURE) filed a complaint in January with the European Commission (EC)’s office of complaints aimed at stopping the circumvention of European Union (EU) anti-dumping duties on fuel ethanol.