Renewable fuel company Global Clean Energy Holdings (GCE) has announced its acquisition of Spanish camelina and seed producer Camelina Company España (CCE).
CCE’s activities include genetics, breeding capabilities, high quality planting seed, advanced agronomic research, and knowledge to support camelina cultivation by contract farmers.
In the 3 January announcement, GCE said CCE - along with another wholly-owned GCE subsidiary Sustainable Oils (SusOils) - would increase the company’s portfolio of patented camelina genetics.
CCE and SusOils had been collaborating for some time to expand and harmonise their collective research and development activities, GCE said.
The combined capabilities would accelerate the development of proprietary germplasm and camelina varieties, the company said, by providing third-party contract camelina growers in North America, Western Europe and South America with additional revenue opportunities by sustainably increasing their fallow crop rotation options.
“Together, CCE and SusOils will build on our combined decades of camelina research and development activities that are focused on improving yield, reducing growing time, modifying plant oil chemistry to enhance biorefinery efficiency, and improving livestock feed qualities of camelina meal,” GCE’s President & CEO Richard Palmer said.
“This acquisition provides an established launching pad for our rapid expansion into Europe and South America.”
Headquartered in Madrid, CCE has supplied sustainable and certified camelina oil for sustainable aviation fuel (SAF) and camelina meal for the livestock feed industry.
GCE said camelina was an essential part of the company’s feedstock plan for its integrated farm-to-fuels strategy.
The company is set to open a refurbished renewable diesel biorefinery in Bakersfield, California this year, which will process traditional feedstocks and domestically-produced camelina oil into low carbon fuels.
GCE is involved in the development, production, processing and transportation of feedstocks and with the refining and distribution of renewable fuels.