Barentz on asset trail, Japfa buys dairy farms in China, federal funds for US carbon capture project, high feed prices hurt UK pig sector

Barentz International expands its activities in North America.

The Company has entered into an agreement to acquire Pestell Nutrition Inc, a distributor of food additives, nutritional ingredients, macro and trace elements and specialty pet ingredients for the animal health, food and beverage industries. animal nutrition and pet foods in Canada and the United States.

Based in New Hamburg, Ontario, Canada, Pestell Nutrition has a significant position in Canada and a rapid expansion in the US animal nutrition market, said Barentz.

With more than 20 warehouses and transshipment facilities across North America supporting its distribution capabilities, the Canadian company achieved sales of approximately € 200 million (US $ 237 million) in 2020.

The acquisition is subject to customary closing conditions, including merger control authorizations.

A Singaporean player strengthens its presence in China In addition to this, you will need to know more about it.

Japfa, Singapore’s largest poultry and feed producer, through its 75% -owned subsidiary, AustAsia Investment Holdings, is buying two dairy farms in Shandong, China, according to local mediareports.

AustAsia, which operates the group’s dairy and cattle operations in China, acquires Falcon Dairy Holdings for approximately US $ 123.4 million; Falcon owns 100% of Pure Source Farm Company, which owns the two dairy farms in Shandong Province.

The farms in question produce raw milk, and the acquisition would allow the group to take advantage of the favorable raw milk price environment due to the current supply shortage in the Chinese market, and also increase the capacity to ‘AustAsia and accelerate its expansion in China.

The farms have a total capacity of around 16,000 head of cattle and will increase the group’s production capacity in a shorter time frame compared to building new farms from scratch, Japfa said.

Carbon capture In addition to this, you will need to know more about it.

Global Algae Innovations, based in San Diego, Calif., Received US $ 2 million in funding from the US Department of Energy (DOE) to develop a technology suite to lower production costs algae, by manufacturing products derived from algae such as competitive proteins and fatty acids in the human and animal food sectors as well as in the chemicals and polymers markets.

The funds will advance the company’s efforts to advance and deploy technology that enables economical and sustainable production of algae products, said Scott Peters, US Congressman. “We must continue to invest in this kind of innovative projects in order to be able to benefit from the many advantages that algae have to offer, in particular to fight against the climate crisis. “In addition to this, you will need to know more about it.

DOE’s Office of Fossil Energy and Carbon Management (FECM) is providing federal funding totaling $ 8 million for four projects, the Global Algae Innovations initiative and three others, to develop and test technologies that capture and use carbon dioxide (CO2) from power systems or other industrial sources to create valuable products and services, biomass and by-products.

Using algae, the selected projects will develop conversion technologies to reduce emissions – the idea is to support the Biden-Harris administration’s goal of net zero emissions by 2050.

“Capturing and using CO2 from sources in the energy and industrial sectors is essential to tackle climate change – and to create new jobs and opportunities in hard-hit communities across the country,”said Dr Jennifer Wilcox, Acting Assistant Secretary for Fossil Energy and Carbon Management, FECM. “These projects represent an important step in these efforts.In addition to this, you will need to know more about it.

High costs and labor shortages are hurting UK pig sector In addition to this, you will need to know more about it.

High feed prices and a shortage of straw challenge the UK pig industry and as margins remain under pressure some pig producers have no choice but to leave the industry, according to the National Pig United Kingdom Association (NPA).

Brexit-related issues, including new conditions imposed on EU migrant workers by the UK Home Office, exacerbate labor shortages and are also having an impact on the sector, the group said. commercial.

Although pork prices have increased over the past three months, input costs remain at record levels. Wheat and soybean prices are high and weigh heavily on producers, according to industry representatives.

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