Securing funding for strategic project components such as feedstock development is a significant step in building a resilient and sustainable ethanol value chain in Nigeria.
The collaboration builds on a transaction finalised in March 2024, in which Repsol acquired a 40% stake in three Bunge Iberica industrial facilities dedicated to oil and biofuel production.
This facility, the smallest of ADM’s U.S. soy processing plants becomes the first to close amid a recent contraction in the biofuels sector.