VERBIO plans to acquire DuPont’s Iowa-based cellulosic ethanol project

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It was announced jointly that DuPont Industrial Biosciences (DuPont) and VERBIO North America Corporation (VNA), the U.S. subsidiary of VERBIO Vereinigte BioEnergie AG (VERBIO), have reached terms for VNA to acquire DuPont’s Nevada, Iowa-based cellulosic ethanol plant and a portion of its corn stover inventory. Completion of the transaction is subject to customary closing conditions and is expected to occur in November 2018. VNA intends to install facilities to produce renewable natural gas (RNG) made from corn stover and other cellulosic crop residues at the site.

The project, with a capacity of 30 million gallons (114 million litres) per year, was opened on 2015 with an aim to demonstrate at commercial scale that non-food agricultural feedstocks can become an energy source. The plant uses corn stover as raw material.

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