Bunge and Chevron buy an Argentine enterprise that focuses on a special crop for biodiesel

This is Chacraservicios, focused on Camelina Sativa, a crop with a high oil content.

The massive cereal employer Bunge and the oil company Chevron announced the acquisition of the Argentine firm chacraservicioswhich become in the hands of the Italian Adamant Group, with the purpose of having access to the scarce uncooked fabric essential to meet the growing biodiesel demand.

Chacraservicios is a enterprise based in 2003 that specializes in Camelina Sativaa cover crop containing high tiers of vegetable oils, key to the production of green diesel. Terms of the transaction have been now not disclosed.

It has its personal oil extraction plant within the metropolis of Pigüé, headquarters in Buenos Aires, and a seed processing and storage plant in the town of Pergamino, Buenos Aires province.

The buy of the company comes as crop operators and electricity businesses are seeking to acquire low carbon uncooked materials to fulfill the growing want to supply biodiesel. As the arena transitions to cleanser forms of energy, groups are searching out plants that produce more vegetable oil.

“Agricultural innovation is using the improvement of renewable fuels round the world, and possibilities like this are supporting Chevron extend its portfolio of low cost, dependable, and occasional-carbon fuels,” stated Natalie Merrill, organization senior vice president of business improvement. Of Chevron renewable electricity.

Bunge plans to provide crushing and management offerings to Chacraservicios.

In addition, Bunge and Chevron introduced that they desire to preserve exploring opportunities for growth your participation in the improvement of new era renewable fuels.

Actually, Bunge had already started out running in this campaign in a program for the era of biofuels based totally on rapeseed and camelina oil.

At Bunge they realized that inside the Pampas vicinity iciness crops occupy near 30% and in a few locations much less than that percent. So, commonly there are lengthy durations of time in which the ground is naked. For this purpose, in the first instance they selected rapeseed and camelina, two oilseeds from the brassica circle of relatives, whose important vacation spot is biofuels.

These species allow intensify crop series and they fight some of the problems present in unique regions of the Pampas area, which include resistant weeds.

So, the planting of these species allows an opportunity to the producer, improves the sustainability of production and opens new markets.