VERBIO plans to acquire DuPont’s Iowa-based cellulosic ethanol project
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.
Country updates
-
-
August 10, 2018
Jera Co enters agreement for 50% equity stakes acquisition of Compass Portfolio
JERA Co., Inc., through its wholly owned subsidiary JERA Americas Inc., has entered into an agreement with Starwood Energy Group to acquire a 50% equity interest in three natural gas-fired thermal pow...
Read more -
August 10, 2018
Infrastructure and Energy Alternatives agrees to acquire Saiia and ACC Companies.
Infrastructure and Energy Alternatives (IEA) has announced an agreement to acquire Saiia and the ACC Companies in an all-cash transaction for US$145 million (subject to customary adjustments...
Read more -
August 10, 2018
Ontario Power Generation enters agreement for 100% acquisition of Eagle Creek Renewable Energy
Ontario Power Generation (OGP) has entered into a purchase and sale agreement with affiliates of Hudson Clean Energy Partners and other shareholders to acquire 100% of the equity of Eagle Creek R...
Read more -
August 10, 2018
Starwood to acquire US$2.56 B energy project finance debt business
Starwood Property Trust has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56 bil...
Read more -
August 09, 2018
Ørsted signs agreement with I Squared Capital to acquire Lincoln Clean Energy
Ørsted has signed an agreement with global infrastructure investment manager I Squared Capital to wholly acquire the equity interest in Lincoln Clean Energy. The deal represents...
Read more
