In the Netherlands, Louis Dreyfus Company B.V. announced the successful completion of a biofuel trial carried out in collaboration with Wisby Tanker AB, Sweden (Wisby Tanker) on one of LDC’s upgraded Juice vessels, MV Essayra. The company used a B30 biofuel-blended marine fuel for the first time to sail from LDC’s terminal in Ghent, Belgium, […]
In Brazil, Bloomberg reports that in an effort to secure the loan needed to cover the remaining $740 million in debt of its former sugar and ethanol arm Biosev, Louis Dreyfus has had to put up as collateral its 3.5% stake in Raizen that it will received as part of the unit’s sale. Louis Dreyfus […]
In Switzerland, COFCO International Ltd is partnering with Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, and Louis Dreyfus Company to standardize data and digitize global agricultural shipping transactions. Together, the companies are looking to increase transparency and efficiency for customers through digital technologies, such as blockchain and artificial intelligence. “We are pleased to join […]
In Brazil, Biosev, a sugar and ethanol company owned by Louis Dreyfus Company, agreed to sell the Giasa mill to M&N Participações S/A, the parent company of the Olho D’Água Group, for R$ 70 million, or about $18.7 million, making it one of the largest in the Brazilian sugar and ethanol industry. Biosev sold the […]
In Argentina, Louis Dreyfus’ CEO said he is confident the country will win its anti- antidumping case against the US currently under investigation by the US Department of Commerce. It is seeking to reopen the American market to its biodiesel after what he called “unjust” claims that the country sells its fuel below the cost […]
In Indiana, Louis Dreyfus opened its new glycerin refinery co-located at its soybean crushing and biodiesel facility in Claypool, becoming the country’s second-largest kosher glycerin factory with a capacity of 80 million pounds per year. Though the company has been marketing crude glycerin since it began producing biodiesel in 2007, the refinery allows it to […]
In Indonesia, Louis Dreyfus has commissioned its first biodiesel facility in Asia, a facility that will produce 420,000 metric tons of biodiesel and 50,000 tons of glycerin annually from palm oil. The biofuel produced at the new plant complies with the Roundtable on Sustainable Palm Oil and is also ISCC certified for export into Europe. […]
In Indiana, Louis Dreyfus Commodities’ giant 80 million pound per year glycerin refiner co-located at the 90 million gallon per year soybean biodiesel plant in Claypool is set to come online in the next couple of weeks, officially becoming the second largest in the country. Crude glycerin has been sold since the biodiesel plant came […]
In New York, Louis Dreyfus is shipping 280,000 barrels of ethanol worth $17 million to Jebel Ali in the UAE from the Port of New York where the fuel will be blended into gasoline for Iraq. Ethanol has at last returned to a discount against gasoline, opening up a trading window that allowed for double […]
In Brazil, Louis Dreyfus estimates that ethanol exports will fall to 11-year lows this year to just 395.8 million gallons, down 45% on the year. US import demand is expected to dry up extensively due to the vast amount of cheap corn currently available there. First quarter 2014 exports already fell 47% on the year […]
