Biodiesel JV expansion
Bunge Europe, Middle East and Africa (Bunge EMEA), a wholly owned subsidiary of Bunge Limited, and French partner Sofiproteol, are expanding the scope of their biodiesel joint venture (JV), Diester Industrie International (DII). In order to maximise operational efficiency, Bunge EMEA has acquired full ownership of MBF in Mannheim, Germany and Novaol Austria in Bruck, Austria. Diester Industrie, a subsidiary of Sofiproteol, has acquired full ownership of Oleon Biodiesel in Ertvelde, Belgium. Operations at Novaol Italia in Porto Corsini and Livorno, Italy, and 50% participation in N.E.W. in Marl, Germany will also continue under the JV, with Bunge and Diester Industrie maintaining current ownership levels.