Corbion has completed the acquisition from Bunge Limited of Bunge's stake in the SB Renewable Oils joint venture, reports Food Ingredients First.
In February 2018, Corbion initially confirmed that it was in discussions with Bunge about the potential acquisition of Bunge’s stake in the SB Renewable Oils joint venture.
Corbion has now officially acquired Bunge's 49.9% stake in SB Renewable Oils, a joint venture that operates a facility in Brazil, specializing in the production of algae ingredients, such as Omega 3 rich oil, for aquaculture and animal feed. Corbion now is 100% owner of the plant in Orindiúva, which employs around 170 staff.
