IPGC approves acquisition by Alcogroup

In Canada, in November, the approval of Alcogroup’s acquisition of IPGC by its IGPC was obtained. The EU Commission and Canadian competition authorities hadalready given the greenlight. The closing will take place in December 2024. With the acquisition of IGPC, Alcogroup will add 380 million liters (100 million gallons) of fuel-grade ethanol to its existing production capacity of 1 billion liters. This strategic acquisition marks a significant milestone for Alcogroup. With production units on three continents Alcogroup is quickly establishing itself as a global player in the ethanol market.

IGPC will be acquired by Alco Energy Canada, a subsidiary of Alco Energy, 60% controlled by Alcogroup and 40% by Groep Vanden Avenne Commodities. With Alco Bio Fuel in Ghent (Belgium), Alco Energy Rotterdam (The Netherlands) and now IGPC in Aylmer (Canada), Alco will produce yearly 1.4 billion liters of fuel ethanol.