Click here for more information about Algenuity
Click here for more information about LiqofluxPhenometrics Buy 3 Get 1 Free
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 ©2010-2020 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
Steve Fountain writes in fortstocktonpioneer.com that, amid the 800-page law that last month set the country’s farm policy through 2023, is the expansion of federal suppo...
John Cumbers and Kevin Costa report for Forbes that Berkeley-based biotech startup Checkerspot has announced a partnership with Gore — the makers of Gore-Tex — to use syn...
AlgaEnergy, a Spanish biotechnology company specializing in the production and commercial applications of microalgae, and Yokogawa Electric Corporation, a leading provide...
Bloomberg News reports that a newly approved Chinese drug for Alzheimer’s will start clinical trials in the U.S. and Europe this year as the country’s first novel therapy...
Algae and corals have been leaning on each other since dinosaurs roamed the earth, much longer than had been previously thought, according to new research led by scientis...
A nasal spray derived from algae and a plant in the tobacco family could offer a preventive measure for COVID-19. Researchers from the University of Pittsburgh (Pitt) and...
The 2019 Algae Biomass Summit, the largest algae conference in the world, kicked off Tuesday in Orlando, Florida, with opening keynote presentations and plenary discussio...
Alexander Richter writes in thinkgeoenergy.com that Israel-based Algaennovation last week signed a 15-year contract with Icelandic energy utility and operator ON Power fo...
The ability to produce oil from water and carbon dioxide with the help of light is something that is essentially common to all plants, from unicellular algae to the giant...
Jason Huffman writes in UndercurrentNews.com that the Kampachi Company, a mariculture business focused on expanding the environmentally sound production of sashimi-grade ...
The Swiss Algae Consortium Association (SWALG) was founded in May 2018 as a non-profit organization that serves as a platform for algae-related activities in Switzerland ...
Cody Nelson writes for MPRNews.org that a team of University of Minnesota-Duluth researchers wanted to know how shortening winters — and less ice cover on lakes — might i...