BioUrja to acquire ethanol production complex from ADM.

BioUrja, energy commodity logistics solutions developer, agreed to acquire ethanol production complex from ADM, an American multinational food processing and commodities trading corporation. Financial terms are not disclosed. "As a leading supplier of biofuels, we are excited to enter into the bio-ethanol production sector and become more vertically integrated. We are enthused about the growing beverage-grade and highly-distilled industrial alcohol markets, which are the focus of the Peoria plant, and are glad to absorb supplemental fuel ethanol into our existing supply capabilities. This is an opportunity for us to continue our growth in the renewables sector and participate in the global energy transition. It’s a double bottom-line deal for us because of the strong financial performance of the plant and its contributions to our ESG strategy," Amit Bhandari, BioUrja Chairman and CEO.