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Brazil's GranBio acquires US biomass power businesses

Sugar cane. Author: Jenny Mealing. License: Creative Commons, Attribution 2.0 Generic

March 18 (Renewables Now) - Brazilian industrial biotechnology company GranBio said Friday it has taken over a couple of biorefineries in the US along with an associated research and development (R&D) centre and other assets.

More specifically, GranBio has completed the takeover of American Process Inc and some affiliate companies, such as AVAPCO LLC and API Intellectual Properties Holdings, for an undisclosed sum.

The transaction covers the Alpena Biorefinery in Michigan, the Thomaston Biorefinery and R&D centre in Georgia, as well as operations, research and business development staff. Also, GranBio has acquired intellectual property (IP) portfolio in the fields of biorefinery, biofuels, biochemicals and nanocellulose, with more than 200 granted and pending patents.

GranBio is the operator of the first commercial-scale cellulosic ethanol plant in the Southern Hemisphere, known as Bioflex 1. The plant is located in Alagoas, Brazil, and converts biomass from sugarcane residue, straw and bagasse.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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