Japan’s biggest sugar producer Mitsui Sugar will take a 20% stake in Chinese refiner COFCO Sugar Liaoning, according to local press reports.
Italy – The European Commission approves investment of €4.7 bln for advanced biofuels [Full subscriber]
The European Commission (EC) approved on March 1st a support scheme in Italy for the production and distribution of advanced biofuels, including advanced biomethane for use in the transport sector. The measure will contribute to reaching EU energy and climate change goals while limiting distortions of competition.
The Ukraine-based agri-industrial Astarta Group has secured a US$25 million loan from the European Bank for Reconstruction and Development (EBRD) to finance development of its grain and sugar infrastructure.
Australia – SRA invests bulk of its budget on plant breeding programme to drive cane productivity [Full subscriber]
Cane growers and the industry will be the beneficiaries of Sugar Research Australia (SRA) led plant breeding program aiming to improve productivity growth by 2% from the newly developed cultivars.
The port operator Euroports is investing in the development of its terminals for transhipment sugar in the ports of Antwerp (Netherlands) and Le Havre (France), in anticipation of an increase in the volume of the sweetener following the abolition of sugar quotas in the EU in October.
Agribusiness company Adecoagro is planning to expand production at its Ivinhema and Angelica sugar mills, both in the Mato Grosso do Sul (MS) cluster, within next five years.
Bangchak Petroleum Plc plans to invest THB800 mln-1,000 mln (US$22.7 mln-28.4 mln) in biofuels this year, according to local press reports.
The government and private sector under the Pracha Rat public-private collaborative scheme recently launched the bioeconomy development plan to promote more private investment in biotechnology-related businesses, according to local press reports.
Ahead of the abolition of quotas in October this year, Tereos is continuing to invest at its sugar factories, according to local press reports.
Ghanaian government has secured a loan of US$24,540,000.000 from the Exim Bank of India to expand cane production to supply the recently refurbished Komenda Sugar Factory.