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Corn Products
’Ethanol, a troubled fuel
Once pitched as the potential saviour of America’s energy squeeze – ethanol is having a bad time of late.
In the latest sign the fuel may not be the answer to US dependence on foreign oil, VeraSun Energy – one of America’s largest ethanol producers – has filed for Chapter 11 bankruptcy.
Bunge to buy Corn Products for $4.4bn
Bunge, the world’s largest oilseed processor, has agreed to buy Corn Products International, a producer of high-fructose corn syrup and food additives, for $4.4bn, as the boom in commodity prices prompts US agribusinesses to seek greater global scale and gives them heightened purchasing power.