Malaysia’s FELDA acquires Twin Rivers Technolgies, enters US biodiesel market

August 30, 2007

Malaysia’s Federal Land Development Authority (Felda) acquired US-based Twin Rivers Technologies for $68.9 million. Felda intends the acquisition as a platform for increasing market share in the North America vegetable oil and biodiesel market. Twin Rivers is a major producer of vegetable oil-based biodiesel under the Envirodiesel brand, at its Cincinnati plant. The company also produces vegetable oil-based ethanol.

US palm oil imports have doubled since 2004 to 683,000 tonnes, which has evoked strong interest among palm oil producing nations such as Malaysia.

$294 million Islamic green investment fund launches; will invest in biofuels, eco-friendly projects

In Malaysia, AmanahRaya Investment Bank and Asian Finance Bank announced a $294 million Islamic green fund that will invest in biofuel ventures in Malaysia, among other eco-friendly projects that are ...

Pilot biofuel plant opens in Cincinnati

The Cincinnati Business Courier reports that H2Diesel Holdings of Florida and Twin Rivers Technologies of Massacusetts have jointly developed a pilot biodiesel plant using vegetable oils and animal fa...

Brazil’s Petrobras enters biodiesel market with 41 million gallon sale; will market 100 million gallons in first half of 2008

In Brazil, Petrobras has commenced marketing biodiesel, and said that the company has made sales to date of 41 Mgy, primarily in Rio Grande do Sul. Petrobras will market a total of 100 Mgy which is...

Tellurian Biodiesel enters into closed-loop JV with Golden State Foods for used cooking oil

In California, Tellurian Biodiesel entered into a JV with Golden State Foods to obtain used cooking oil for biodiesel production. The New Encore venture will produce the biodiesel at a 5 Mgy productio...

Renewable Energy Group acquires US Biodiesel for $80 million

In Iowa, the Renewable Energy Group acquired the assets of US Biodiesel Group in a transaction valued at $80 million. With the deal, REG acquires a 35 Mgy biodiesel plant in Texas and a storage termin...

The Daily Biofuels Summary for August 30

Top Story: In Brazil, state oil company Petrobras is seeing a minority stake in the country's first ethanol only pipeline that will reduce the cost of transport between the interior and the Atlantic p...

Written by Jim Lane · Filed Under International