Tag: Atlantic Biodiesel

Ocean Park served as financial advisor to Atlantic Biodiesel on sale to Verbio

Ocean Park served as financial advisor to Atlantic Biodiesel on sale to Verbio

July 18, 2019 |

In Canada, Atlantic Biodiesel Corporation recently closed on the sale of its Canadian biodiesel plant to VERBIO Diesel Canada Corporation. Ocean Park acted as exclusive financial advisor to Atlantic Biodiesel on the transaction. The purchaser is a wholly owned subsidiary of leading German bioenergy producer VERBIO Vereinigte BioEnergie AG (“VERBIO”). VERBIO first announced that it […]

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VERBIO acquires biodiesel plant in Canada

VERBIO acquires biodiesel plant in Canada

May 5, 2019 |

In Germany, VERBIO Diesel Canada Corporation, a wholly owned subsidiary of VERBIO Vereinigte BioEnergie AG, signed a contract with Atlantic Biodiesel Corporation to purchase a biodiesel plant located in Dain City, Ontario, Canada. The plant has an annual production capacity of approximately 150,000 tons of biodiesel and 18,000 tons of raw glycerin. The North American […]

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Brazilian biodiesel distributor sells assets for $633.4 million

Brazilian biodiesel distributor sells assets for $633.4 million

June 13, 2016 |

In Brazil, Ultrapar’s subsidiary Ipiranga Produtos de Petróleo has agreed to buy Alesat Combustíveis’ assets, which distribute biodiesel and fossil-based diesel that represent a total value of $633.4 million. The amount to be paid to the sellers will be deducted of ALE’s net debt as of December 31, 2015 and is subject to working capital […]

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Atlantic Biodiesel online just four months after restarting

Atlantic Biodiesel online just four months after restarting

October 12, 2015 |

In Canada, less than four months after opening its state-of-the-art renewable fuel facility in Welland, Ontario, Atlantic Biodiesel has celebrated the ‘first pour’ of its high quality biodiesel suitable for cold weather applications. “Atlantic Biodiesel’s first pour represents the collaboration, commitment and hard work that drives Canada’s biofuels industry,” said Jim Grey, Chairman of the […]

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Atlantic Biodiesel Opens Biodiesel plant in Ontario 

Atlantic Biodiesel Opens Biodiesel plant in Ontario 

June 27, 2015 |

In Ontario, Atlantic Biodiesel officially opened of its new, state-of-the-art renewable fuel facility in Welland, Ontario, which will produce 170 million litres of renewable, clean-burning biodiesel and 15 million litres of high-grade glycerin per year. The facility produces biofuel suitable for cold weather applications and is situated near infrastructure that provides storage as well as […]

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Atlantic Biodiesel takes over former Great Lakes Biodiesel

Atlantic Biodiesel takes over former Great Lakes Biodiesel

February 9, 2015 |

In Canada, Luxembourg-based Heridge has launched a new subsidiary called Atlantic Biodiesel to assume control of the former Great Lakes Biodiesel facility in Dain City. The company had won the 170 million liter facility at auction having already partly funded the project’s development with a loan that was never fully paid.

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