Tag: Bunge

Ergon Biofuels closing ethanol plant later this year

Ergon Biofuels closing ethanol plant later this year

September 15, 2018 |

In Mississippi, Ergon BioFuels LLC, a subsidiary of Ergon, Inc., is closing its ethanol plant at the Port of Vicksburg in December, according to a press release sent to The Vicksburg Post. The plant was built in 2007 as a joint venture between Ergon Ethanol Inc. and Bunge North America Inc. and was originally designed […]

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Mark Zenuk Joins Bunge Limited Board of Directors

Mark Zenuk Joins Bunge Limited Board of Directors

July 29, 2018 |

In New York, Mark Zenuk has been appointed to Bunge Limited’s Board of Directors. Zenuk has served as Managing Partner of Tillridge Global Agribusiness Partners, an agribusiness private equity firm, since 2016. Prior to Tillridge, he was a Managing Director at NGP Energy Capital Management (“NGP”), where he led NGP’s agribusiness investment platform from 2010 […]

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Bunge cuts Mannheim biodiesel production 50% in Q2

Bunge cuts Mannheim biodiesel production 50% in Q2

May 16, 2018 |

In Germany, Reuters reports that Bunge was cutting production at its 200,000 metric ton per year Mannheim biodiesel plant by 50% during Q2 due to fall out from the European Court of Justice cutting anti-dumping duties on Argentine and Indonesian biodiesel imports. Those imports have weighed heavily upon EU biodiesel prices forcing several major producers […]

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Bunge announces registration request for IPO of Brazilian arm

Bunge announces registration request for IPO of Brazilian arm

May 15, 2018 |

In Brazil, Bunge announced the filing of a registration request with the Brazilian Securities Commission for a potential initial public offering of Bunge Açúcar & Bionergia, Bunge’s sugar milling business in Brazil. Bunge has prepared the business to operate as a stand-alone company and recently obtained debt financing for the business. The filing further progresses Bunge’s […]

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Bunge confirms hopes to spin off Brazilian sugarcane unit in IPO

Bunge confirms hopes to spin off Brazilian sugarcane unit in IPO

May 2, 2018 |

In Brazil, Reuters reports that Bunge confirmed it is interested to spin off its sugarcane and ethanol unit as an IPO but is testing the proverbial waters before taking a final decision by gauging the market valuation and investor appetite. The global sugar industry is going into a slump due to low sugar prices but […]

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ADM wants to buy Bunge for Argentine soy crushing assets

ADM wants to buy Bunge for Argentine soy crushing assets

February 28, 2018 |

In Argentina, Reuters reports that Archer Daniels Midland may not be interested in Bunge’s sugar assets but it certainly wants the company’s four soybean crushing facilities with 18,000 metric tons of daily capacity, along with those in Brazil. A full year of losses for the world’s largest soybean crusher is seen as too difficult to […]

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Strategic Intent: The Digest 2016 Multi-Slide Guide to Bayer, Bunge and Monsanto

Strategic Intent: The Digest 2016 Multi-Slide Guide to Bayer, Bunge and Monsanto

August 24, 2016 |

This season, we are conducting Strategic Intent, our 19 webinar series on major companies and their partnerships, progress and plans in the Advanced Bioeconomy. In this edition, we explored Bayer, Bunge and Monsanto in the interactive webinar format. Here are the slides from our Digest presentation, focusing on the innovations, M&A activity, target molecules and more for […]

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Solazyme misses on Q3 revenues, expands JV with Bunge, adds new project with Unilever, drops Clinton, Galva production

Solazyme misses on Q3 revenues, expands JV with Bunge, adds new project with Unilever, drops Clinton, Galva production

November 1, 2015 |

In California, Solazyme reported Q3 revenue of $11.4M compared with $17.6M for Q3 2014.The year over year decline in revenues was due to expected decreases in funded program revenue and slower than anticipated adoption rates for Encapso lubricant, the company said. On a sequential quarter basis, revenues were roughly unchanged due to improved Algenist performance, […]

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Bunge still believes and Brazilian sugar and ethanol despite tough year

Bunge still believes and Brazilian sugar and ethanol despite tough year

October 29, 2015 |

In Brazil, strong demand for ethanol and the expectation the trend will continue has Bunge taking a positive view towards its sugar and ethanol operations in the country despite weak third quarter results. The company expects that despite a tiny operating profit of only $3 million for the Brazilian sugar and ethanol segment, down from […]

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Proterro teams with Bunge to trial technology in Brazil

Proterro teams with Bunge to trial technology in Brazil

September 24, 2014 |

In New Jersey, Proterro and Bunge will conduct a pilot study of Proterro’s sucrose-production technology in Brazil. Under a joint development agreement, a pilot plant is being commissioned at Bunge’s Moema Fazenda sugarcane mill, where two of Proterro’s photobioreactors have been installed to cultivate Proterro’s cyanobacteria for production of fermentable sugars for ethanol production. The […]

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