Malaysia’s FELDA acquires Twin Rivers Technolgies, enters US biodiesel market

Malaysia’s Federal Land Development Authority (Felda) acquired US-based Twin Rivers Technologies for $68.9 million. Felda intends the acquisition as a platform for increasing market share in the North America vegetable oil and biodiesel market. Twin Rivers is a major producer of vegetable oil-based biodiesel under the Envirodiesel brand, at its Cincinnati plant. The company also produces vegetable oil-based ethanol.

US palm oil imports have doubled since 2004 to 683,000 tonnes, which has evoked strong interest among palm oil producing nations such as Malaysia.

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