By Stephan Nielsen – May 6, 2011.Archer-Daniels-Midland Co. (ADM), the largest grain processor, and Cargill Inc. are spearheading a push to invest about $560 million in new biofuel refineries in Brazil, a country that already has twice the capacity it needs.

The U.S. agribusinesses have joined Brazilian companies that are expanding facilities in a bet the government will double to 10 percent the amount of biofuel that must be blended into petroleum-based diesel, driving up demand overnight. Leer más »

There has been quite a bit of activity in Brazil during the last few months of 2009 and it looks like it will continue. Bunge Limited announced today that it will become the 100 percent owner of Usina Moema Participacoes S.A.

Moema Par is a holding company that owns one sugarcane mill and has ownership in five others. Together the six mills, known as the Moema Group, have the capacity to crush 15.4 metric tons. This agreement, which is structured as a share exchange worth approximately $896 million, gives Bunge 60 percent effective share of the total capacity. Leer más »

IT WILL TURN THEM INTO THE MAYOR LOCAL PRODUCERS.

The cereal companies, that the Renova company conformed, will duplicate their present capacity in July, when they inaugurate new works. Thus, they will surpass AGD and Bunge, and Dreyfus.

Biodiesel plant/Photo: Fernando López King Leer más »