Louis Dreyfus injects $463 million in new LDC-SEV bioenergy giant, after LDC Bioenergia, Santelisa Vale merger

In Brazil, LDC-SEV, the company resulting from the merger of LDC Bioenergia and Santelisa Vale, will receive a capital injection of $463 million from Louis Dreyfus, and is expected to have an IPO between 2012 and 2014, according to a report in Bloomberg. Louis Dreyfus, which will own 60 percent of the venture, has said that it values the combined companies at $4.6 billion.

The report comes as UNICA said that this years sugar harvest, at 412.75 million tons, is running nearly 9 percent ahead of last year’s total, but recoverable sugars are running 9 percent behind. Of total production to date, 43.99% went to sugar production and 56.01% were used to produce ethanol.

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