The Junta de Castilla y León, the governing and administrative body of the Spanish autonomous community of Castile and León, has awarded a grant of €638,894 to the ACOR Cooperative for the modernization of the beet reception, storage and supply system at its Olmedo plant, according to the company’s press release.
Bangladesh – Government’s efforts to modernise sugar industry marred by ill-informed proposals [Full subscriber]
The move to modernise public sugar mills in Bangladesh has apparently fallen flat, according to local press reports.
Brazil – Grupo Cocal invests US$1.8 million to upgrade its biogas plant [Full subscriber]
Greenlane Renewables recently announced that its wholly-owned subsidiary, Greenlane Biogas North America Ltd., has signed a CA$2.4 million (US$1.8 million) contract with the Brazilian sugar and ethanol producer Grupo Cocal to upgrade its biogas production system.
Spain – Azucarera to invest €69 million over the next five years in its 4 beet sugar factories [Full subscriber]
The AB Sugar-owned Azucarera company is to invest €69 million over the next five years to upgrade its four beet sugar factories, according to local press reports.
Sweden – Nordzucker invests €100 million to modernise its operations [Full subscriber]
Germany’s second-largest sugar producer Nordzucker will consolidate its sugar production in southern Sweden, closing one factory and investing €100 million in another. The move involves an undisclosed number of job losses, according to the company statement.
Eswatini – Local banks invest US$139 million to drive sugar industry’s productivity [Full subscriber]
Standard Bank and Nedbank in the Kingdom of Eswatini have invested two billion Emalangeni (US$139 million) to expand the Royal Swaziland Sugar Corporation (RSSC) project, reports African Daily Voice.
Russia – Pokrovsky invests 1.5 billion rubles to modernize its 3 sugar factories [Registered]
The agri-business Pokrovsky is modernizing its three beet sugar factories with a 1.5 billion rubles (US$26.3 million), according to the company’s press release.
Australia – COFCO invests US$6 mln to upgrade milling operations at Tully Sugar [Registered]
The COFCO-owned Tully Sugar Mill has embarked on a massive maintenance and upgrade program for 2017, following a record 2016 crush. Some AU$8 million (US$ 6 mln) will be spent on upgrading milling operations to help the mill crush cane faster, according to local press reports.
Norway – Borregaard invests US$7.6 mln in bioethanol plant upgrade [Registered]
Borregaard is going to invest NOK 63 million (US$7.6 mln) to upgrade its bioethanol plant and a facility to capture and store biogas.
USA – Sugar plant in Tennessee invests US$1.3 mln to modernize its facility [Registered]
A small sugar processing plant in Memphis, Tennessee producing variety of products will be modernized, according to local press reports.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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