EVG strikes $70 million canola supply deal with German company

October 31, 2012 |

In Florida, Eco Ventures Group announced Germany-based Energiepark Suptitz GmbH (“EPS”) has established new rapeseed supply agreements with several farmers in Eastern Europe that will value $70 million. The Company on August 7 reported it had signed a Definitive Agreement to acquire EPS.

The new, or expanded, supply agreements enable EPS to source more than 100,000 metric tons annually in additional rapeseed production from farmers in Germany and Eastern Europe. EPS processes the rapeseed in its mills, converting it into high quality rapeseed oil which it typically sells as biofuel feedstock, while selling the byproduct rapeseed cake to farmers who use it as nutritious feed for livestock.

Category: Fuels

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