7 result(s) displayed (1 - 7 of 7):

Bankrupt VeraSun considers unsolicited buyout offer (from Corporate Dealmaker)

VeraSun Energy Corp., the No. 2 ethanol producer in the U.S., said late Monday night it has received a nonbinding unsolicited indication of interest for all of its assets. VeraSun, which said it would consider this and other proposals, didn't reveal the suitor's name due to confidentiality considerations. The Associated...

Posted on November 25, 2008 2:00 PM

ADM creates Brazilian ethanol JV as U.S. biofuel industry struggles (from Corporate Dealmaker)

Archer Daniels Midland Co. is expanding its ethanol business with a $500 million joint venture in Brazil. The Illinois company will partner with sugarcane producer Grupo Cabrera to produce ethanol from sugarcane at two Brazilian plans over the next seven years. This is ADM's first deal to produce the biofuel...

Posted on November 5, 2008 9:20 AM

Airbus-Honeywell JV: Jet fuel from algae? (from Corporate Dealmaker)

Honeywell International Inc., Airbus SAS, JetBlue Airways Corp. and IAE International Aero Engines AG are teaming up to try and turn biofeedstocks into commercial aviation fuels. They'll focus on "second-generation" feedstocks such as algae, which do not compete with food or water resources like corn-based ethanol does. A commercially...

Posted on May 15, 2008 3:54 PM

DuPont shares IP for ethanol JV in U.S. (from Corporate Dealmaker)

"To address a $75 billion market opportunity," DuPont and Genencor, a division of Danisco A/S, will form DuPont Danisco Cellulosic Ethanol LLC, a 50-50 global joint venture. By combining DuPont's proprietary pretreatment and ethanologen technology with Genecor's enzyme technology, the JV will work to develop and commercialize a low-cost...

Posted on May 14, 2008 1:59 PM

VeraSun, US BioEnergy complete merger (from Corporate Dealmaker)

The merger of ethanol producers VeraSun Energy Corp. and US BioEnergy Corp. comes as no surprise to those of us here at Corporate Dealmaker. The transaction was completed on March 31, but we asked US BioEnergy CEO Gordon Ommen about the possibility of a merger way back in September. Here's...

Posted on April 1, 2008 12:44 PM

Building scale in ethanol (from Corporate Dealmaker)

Corn-based ethanol fuels arguments as well as cars. As Congress considers legislation to extend subsidies, opponents are mobilizing. Oil companies say market demand should drive growth, the livestock and poultry lobby complains about soaring feed prices, and environmental groups fear possible soil and water degradation. Wall Street has turned...

Posted on December 15, 2007 10:47 AM

Now boarding, the powder river express (from Corporate Dealmaker)

CP plans to acquire publicly held DM&E for up to $2.48 billion--$1 billion of which would come through contingency payments over 18 years.

Posted on October 15, 2007 7:30 PM