World Grain - March 2018 - 12

NEWSREVIEW

FS Bioenergia to build corn ethanol plant in Brazil
SÁO PAULO, BRAZIL - FS Bioenergia, a joint venture between
Tapajos Participacoes S.A. and U.S.-based Summit Agricultural
Group, has announced plans to build a second corn-based ethanol
plant in Sorriso, in northern Mato Grosso, Brazil. The company
intends to invest 1 billion reais (U.S. $308 million) in the project.
Last year, FS Bioenergia opened a corn-based ethanol plant
in Lucas do Rio Verde, which is considered a key soy and corn
producing part of Mato Grosso.
According to FS Bioenergia, the Sorriso plant will be larger than
the facility in Lucas do Rio Verde, processing 1.8 million tonnes of
corn per year and producing 680 million liters of ethanol, 500,000
tonnes of corn meal, and 20,000 tonnes of corn oil.

Combined, the two plants will be capable of producing 1.2 billion
liters of ethanol, 900,000 tonnes of corn meal and 35,000 tonnes of
corn oil per year, the company said.
"The Sorriso region and Mato Grosso state as a whole are extremely
important and strategic for FS Bioenergia, and being close to these
producers will give us even more input to innovation and continue to
produce with the quality we are looking for," said Henrique Ubrig,
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opportunity to buy reliable and quality corn and biomass for these
producers."
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100% of its production.

Oman taps new general manager for Sohar Flour Mills
MUSCAT, OMAN - Endrik Mehlo has been named general manager
of Sohar Flour Mills, a 60% subsidiary of Oman Flour Mills (OFM).
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The company said Mehlo will continue to support Oman Flour
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Oman Flour Mills since 2011. Earlier, he was operation manager and
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Oman Flour Mills is in the process of building a 500,000-tonne-per\HDUFDSDFLW\ÀRXUPLOOLQ6RKDU7KHPLOOLVH[SHFWHGWREHFRPSOHWHG
soon, with commercial production anticipated by the third quarter of
2018.The board of directors of Oman Flour Mills earlier this year apSRLQWHG +DLWKDP 0RKDPHG$O )DQQDK DV FKLHI H[HFXWLYH RI¿FHU RI
Oman Flour Mills Co.
Established as a joint stock company in 1977 with a wheat milling
capacity of 150 tonnes per day, Oman Flour Mills has evolved into
Oman's second largest miller with a current capacity of 800 tonnes
per day.

Bunge acquires Grupo Minsa's U.S. corn milling business
ST. LOUIS, MISSOURI, U.S. - Bunge North America has
entered into an agreement to acquire the U.S. corn milling
business of Grupo Minsa S.A.B. de C.V. The deal is valued at $75
million and includes corn flour mills in Red Oak, Iowa, U.S., and
Muleshoe, Texas, U.S.
"This acquisition is an important strategic step to strengthen our
Food & Ingredients business in the U.S., and could provide additional
growth opportunities for the company's other regions," said Todd
Bastean, president of Bunge North America. "These assets, together
with our existing plant in Worthington, Indiana, make Bunge a
leading U.S. producer of corn masa, a product that is experiencing
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Corn masa is the primary ingredient used to make tortillas and
tortilla chips. Bunge said it is a key growth category in packaged

food and food service channels, with sales projected to continue
increasing.
The acquisition will create scale in Bunge's masa milling capacity,
according to the company. In addition to traditional bulk, tote and
50-pound bags used by food manufacturers and food service customers,
both the Iowa and Texas locations can produce one kilo/2.2-pound
packages sold by retailers under their own store brands.
"With additional locations throughout the U.S., we will be better
able to provide customers with a high-quality, reliable supply of
products nationwide," said Daniel Maldonado, managing director,
Bunge Milling. "We look forward to partnering with customers to
help build their brands and using our strong innovation capabilities
to further support them in meeting evolving consumer needs with an
on-trend portfolio."

March 2018 / World Grain / www.World-Grain.com

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World Grain - March 2018

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