Click here for more information about Algenuity
Click here for more information about Liqofluxphenometrics515R1
Visit cricatalyst.com!Evodos Separation Technology Check out more of The Buzz spacer

Corbion may acquire Bunge’s stake in SB Renewable Oils JV

February 20, 2018
AlgaeIndustryMagazine.com

Corbion, the Netherlands-based global food ingredients company that took over the algal food portfolio of TerraVia last year, has announced that it is in discussions with Bunge Limited regarding the potential acquisition by Corbion of Bunge’s stake in the SB Renewable Oils joint venture.

SB Oils, the former joint venture of TerraVia and Bunge, produced Algae Butter among other food products, developed by AlgaVia (formerly Solazyme) that were marketed in the U.S. by Bunge North America.

Bunge has disclosed these discussions, as part of a strategic update alongside the release of its year-end 2017 financial results.

Corbion and Bunge are currently 50.1%/49.9% partners in SB Renewable Oils, a joint venture that operates a facility in Brazil, specializing in the production of algae ingredients, such as Omega-3 rich oil, for aquaculture and animal feed.

Corbion has over 100 years of activity in markets including food, home & personal care, animal nutrition, pharmaceuticals, medical devices, and bioplastics. In 2016, Corbion generated annual sales of € 911.3 million and had a workforce of 1,684 FTE. Corbion is listed on Euronext Amsterdam.

Bunge Limited, a global agribusiness and food company operating in over 40 countries, with approximately 32,000 employees, buys, sells, stores and transports oilseeds and grains; and processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers. The company was founded in 1818, and is headquartered in White Plains, New York.

While the companies disclose that the discussions are constructive, it is uncertain if and when they will lead to an agreement.

More Buzz…

Copyright ©2010-2018 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives

From The A.I.M. Archives

— Refresh Page for More Choices
Carl Zimmer writes in The New York Times about a team of Australian scientists studying how climate change will alter ecosystems – by using miniature ecosystems, called m...
Algatech has announced the opening of Algatech Inc., a New York City-based subsidiary created to serve the North American market. The company has appointed Ken Seguine to...
WesTech Engineering, Inc. and Utah State University’s Sustainable Waste-to-Bioproducts Engineering Center (SWBEC) are jointly engaged in developing processes for more eff...
Will Yeates reports in DailyPlanet.com that an urban “algae farm” producing low-carbon protein and bio-fuel is one of the highlights on show this week at the future energ...
Memory Maninga reports for Zambia Daily Mail that in Mansa, the capital of the Luapula Province of Zambia, spirulina is being grown in ponds in the communities because of...
Adoption of advanced technologies in various stages of natural astaxanthin production, such as microalgae harvesting, cultivation, extraction, and drying, have been major...
UC San Diego students and researchers have produced the world’s first algae-based, renewable flip flops. The first prototypes of their new invention, developed over the s...
The United States Department of Energy (DOE) announced that the University of New England was awarded a three-year, nationally competitive research grant for $1,321,039 f...
Watertechonline.com reports that the All-Gas project in the El Torno treatment plant in Chiclana, in southwestern Spain, in the province of Cádiz, has started its demonst...
The recently signed US two-year budget deal – featuring bipartisan support for a $35 per ton tax incentive for carbon captured and recycled from power plants or industria...
Israeli-based Algatechnologies, Ltd. (Algatech) has become the major shareholder in Supreme Health New Zealand, Ltd. (Supreme) to supply the rapidly growing markets in Ch...
At the Technical University of Denmark (DTU), Science Nordic.com reports, researchers are investigating bioluminescent algae, to determine whether bioluminescent organism...