December 18, 2013

Cargill to invest US$82.6 million in new ethanol plant

Cargill announced that it will invest €60 million (US$82.6 million) in building a new ethanol facility in Barby, Saxony Anhalt, Germany, which will produce premium ethanol destined for the German and European beverage, cosmetic and pharmaceutical industries.

"This investment by our starches and sweeteners business will allow us to further build on our ethanol expertise in Europe, enabling us to better serve our customers throughout the region," said Frank van Lierde, Executive Vice President at Cargill.

The new facility will be built alongside Cargill's existing wheat processing plant on the company's site in Barby. The plant will produce ethanol through state of the art innovative technology by using feedstock from the adjacent wheat facility, using primarily locally grown wheat.

Van Lierde continued: "This expansion will complement our existing network of ethanol facilities in Manchester in the UK, Sas van Gent and Bergen op Zoom in The Netherlands and Wroclaw in Poland."

The new plant will be built to the highest environmental, food and health and safety standards, using the best available technologies. It is expected to be operational by the autumn of 2015. 

Cargill provides food, agriculture, financial and industrial products and services to the world.