International Sugar Journal

Spiber raises US$312 million to produce silk via fermentation platform [Full subscriber]

The Japanese biofabrication startup Spiber has raised JPY 34.4 billion (US$312 million) in a funding round led by local public-private fund Cool Japan Fund and. private equity firm Carlyle. Fund managers Fidelity and Baillie Gifford also contributed to the round.

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Argentina – Ledesma investing US$15 million in digital agriculture technologies/solutions [Full subscriber]

The cane sugar producer Ledesma is investing US$15 million is investing in a range of digital technologies/solutions to modernise their agricultural operations.

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Brazil – Recently acquired Usina São Fernando to get an injection of BRL1 billion [Full subscriber]

Millenium Holding Bioenergia recently acquired via auction Usina São Fernando, located in Dourados, state of Mato Grosso do Sul. The company will pay BRL351.6 million (US$67.4 million). The plant, which has been in the process of judicial reorganization and subsequent bankruptcy since 2013, will earn investments of around BRL1 billion (US$191.6 million), in two years, to become a flex unit with the production of sugar and ethanol, both from sugarcane and from corn.

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France – Cristal Union to plans to invest €24 million to reduce GHG emissions from its plants by 35% by 2030 [Full subscriber]

In a bid to reduce greenhouse gas emissions (GHG) by 35% by 2030, Cristal Union is going to invest €24 million along with the state aid of €10 million under the France Relance plan.

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Thailand -US$1.7 billion invested in Bio-Circular-Green economic activities during Jan-Sep 2020 [Registered]

In the first nine months of 2020, local and international companies applied to invest as much as US$1.7 billion in Thailand in more than 300 projects in the sectors listed as “BCG”, or Bio-Circular-Green economic activities focused on environmental protection and sustainability, according to the Thailand Board of Investment (BOI).

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Brazil – BNDES to finance two projects to upgrade cane production worth US$32 million [Full subscriber]

The Brazilian development bank BNDES recently approved financing of $ 98.7 million (US$ 24.48 million) to Canápolis Açúcar e Etanol SA and BRL30 million (US$7.46 million) to Vale do Paracatu Distillery to expand and upgrade their cane production operations.

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Serbia – Sunoko to invest €1 million in establishing a research unit for beet production [Full subscriber]

Serbian sugar producer Sunoko, part of diversified conglomerate MK Group, plans to invest €1 million (US$1.1 million) in the establishment of a research centre for sugar beet production, according to the company’s general manager Slobodan Kosutic.

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Brazil – Adecoagro investing US$109 million in expanding and upgrading cane operations [Registered]

The Adecoagro group will be investing BRL445 million (US$108.7 million) in expanding and upgrading sugarcane production operations at its plantations serving the company’s two plants in lvinhema. and Angelica, both in Mato Grosso do Sul.

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Zimbabwe – US$40 million invested in expanding cane production [Full subscriber]

In a bid to expand sugar production and support rural development, President Mnangagwa commissioned a ZW$600 million (US$40 million) Kilimanjaro Sugar Cane project on 9th November, according to local press reports.

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Tanzania – Local billionaire to invest US$148 million in the cane sugar sector [Full subscriber]

The Tanzanian businessman Mohammed Dewji is to invest US$ 148 million in the sugarcane industry, according to the Russian press wire Regnum. This is part of the US$375 million his company is planning to invest in the over the next five years.

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