In Luxembourg, Courthouse News reports the General Court of the European Union has upheld the European Commission’s $56 million fine against Swedish agricultural cooperative Lantmännen for trade practices that distorted the European ethanol market by participating in a price fixing cartel. Lantmännen claimed the staggered investigation process used by the European Commission was unfair because […]
In Belgium, M-Lex reports Lantmännen argued in front of a European Union court that its defense rights were breached during the European Commission’s investigation into alleged anti-trust ethanol price benchmarking manipulation that would see its fine of 47. 7 million euros overturned. The company says that its rights were breached when the EC settled with […]
In Sweden, Lantmännen has identified biogas as a growth area and is now establishing Lantmännen Biogas AB. Lantmännen has organic residual streams from its own operations, the values of which can be maximized by being used as a raw material for biogas production. With a strong focus on resource efficiency and sustainability, Lantmännen currently processes […]
In Belgium, the European Commission has fined Lantmännen ek för and its subsidiary Lantmännen Biorefineries AB around $52.4 million for participating in a cartel concerning the wholesale price formation mechanism for ethanol in Europe. The body explained that this decision follows the adoption of a settlement decision against Abengoa in 2021 and the closure […]
