Brazil’s GranBioacquires AmericanProcess
Brazil-based GranBio completed the acquisition of100% equity in American Process Inc., Atlanta, GA,and affiliate companies including AVAPCO LLC andAPI Intellectual Properties Holdings. GranBio hadbought a 25% interest in API in 2013.
The acquired assets include the Alpena, MI, biorefinery, the Thomaston, GA, biorefinery and R&D center, operations, research, and business developmentstaff and an extensive intellectual property portfolio inthe biorefinery, biofuels, biochemicals and nanocellulose fields with over 200 granted and pending patents.
“Acquiring the GreenPower+, GreenBox+ andAVAP biorefinery technologies and the BioPlusnanocellulose technology and their associated world-class demonstration plants and exceptional operationsand R&D staff is part of GranBio’s mission to becomea global leader in the bioeconomy,” said GranBio’spresident, Bernardo Gradin.
GranBio operates the first commercial-scale cellulosic ethanol plant in the Southern Hemisphere. Thebiorefinery, named Bioflex 1, is located in Alagoas,Brazil, and converts biomass from sugarcane residue,straw and bagasse into second-generation cellulosicethanol and lignin.
• Meanwhile, TRHoldco LLC, CEO TheodoraRetsina’s holding company, announced its separationfrom GranBio in the GranAPI JV.In the separation,TR Holdco retained ownership of the AmericanProcess brand name and engineering business, API-Europe, certain IP rights and access to the Thomastonbiorefinery R&D center. Under the leadership ofRetsina, Steve Rutherford and Vesa Pylkkanen, American Process will continue to be active in biomass renewables’ R&D, technology development, engineeringand building biorefinery plants.