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