Global Clean Energy Holdings Inc. (GCEH), a US-based vertically integrated renewable fuels company, has announced that it has acquired Camelina Company España S.L. (CCE), Europe’s largest camelina crop innovator and seed producer headquartered in Madrid, Spain for a total purchase price of around US$8.24 million. CCE, together with Sustainable Oils, Inc. (SusOils), a wholly-owned subsidiary of GCEH, will further enhance the company's portfolio of patented camelina genetics.
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CCE has received international acclaim for more than 10 years by developing world-class intellectual property (IP) in camelina to support a sustainable biofuels value chain. CCE’s IP includes superior genetics, breeding capabilities, high-quality planting seed, advanced agronomic research, and knowledge to support the cultivation of camelina by contract farmers.
CCE and SusOils have been collaborating for some time to expand and harmonize their collective research and development activities.
The combined capabilities will accelerate the development of proprietary germplasm and varieties of camelina that will provide third-party contract camelina growers in North America, Western Europe, and South America with additional revenue opportunities by sustainably increasing their fallow crop rotation options.
The addition of CCE to our family of companies and its synergy with SusOils further advances our goal of increasing the commercial value of camelina through improved agronomics and plant genetics. Together, CCE and SusOils will build on our combined decades of camelina research and development activities that are focused on improving yield, reducing growing time, modifying plant oil chemistry to enhance biorefinery efficiency, and improving livestock feed qualities of camelina meal, said Richard Palmer, President, and CEO, Global Clean Energy Holdings.
Europe’s largest body of camelina expertise
Established in 2010, CCE is Europe’s largest camelina crop innovator and seed producer. In 2013, it was the first global company to receive a sustainability certification from the Roundtable on Sustainable Biomaterials (RSB), a global sustainability standard and certification system for biofuels and biomaterials production.
The company has extensive expertise in camelina production along the complete value chain, having supplied sustainable and certified camelina oil for sustainable aviation fuel (SAF) production, as well as camelina meal, a high-quality plant-based protein source for the livestock feed industry.
The company maintains an ongoing plant breeding program with more than 600 camelina germplasm lines and owns nine proprietary camelina varieties, which enables the sustainable introduction of camelina in different crop rotations without displacing any primary crops.
We are excited by the significant synergies that exist between CCE, GCEH, and SusOils. Combining the knowledge and expertise of our organizations provides us the opportunity to further advance camelina research and production in ways that deliver profitable and sustainable advantages for both regenerative agriculture and the renewable fuels industry, said Yuri Herreras Yambanis, Director, Camelina Company España.
Strategic feedstock for renewable diesel
GCEH is constructing a renewable diesel refinery – Bakersfield Renewable Fuels (BKRF) – in Bakersfield, California (CA), which when completed in early 2022, will be the only integrated farm-to-fuel renewable diesel production facility of its kind.
Camelina is an essential part of the feedstock plan for GCEH’s integrated farm-to-fuels strategy.
The renovated biorefinery will supply ExxonMobil with up to 220 million (US) gallons (≈ 832.7 million litres) of renewable diesel per annum under a pair of long-term purchase agreements.
This acquisition demonstrates our ongoing commitment to investing both domestically and internationally in the science, infrastructure, and farmer education necessary to deliver high-quality camelina feedstocks to satisfy the growing worldwide demand for renewable diesel and sustainable aviation fuels while not displacing food crops or impacting food security. This acquisition provides an established launching pad for our rapid expansion into Europe and South America, ended Richard Palmer.