Through our strategic relationship with Argos and combination with Heliagro, Terasol is now a world-class developer and producer of feedstocks for the global marketplace.
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New York, NY (Vocus) March 1, 2010
Terasol Energy, LLC (http://www.terasolenergy.com) today announced that it has received a strategic investment from Argos Groep BV, a Netherlands-based diversified global energy company. With this investment, which consists of both equity and debt, Argos is now the majority shareholder of Terasol. In addition, Terasol simultaneously completed the acquisition of Heliagro Agricultura e Pecuária Ltda., a Brazil-based developer, marketer and producer of innovative feedstocks.
With this strategic investment from Argos and through the acquisition of Heliagro, Terasol is now an integrated, large-scale developer and producer of oilseed crops in Brazil. Argos brings Terasol a high profile presence in global fuel markets and access to a global logistics, distribution and marketing infrastructure. Heliagro contributes its expertise in genetic materials, agronomy and project management. For the past decade, Heliagro has established itself as an industry-leading source of advanced genetic material for large-scale mechanized crop production in Brazil.
Terasol also announced that it has commenced its first commercial-scale production of oilseed crops in Brazil. Terasol produces sunflower and castor on more than 10,000 hectares in the Cerrado region. Terasol produces crude oils and grain cake derivative byproducts for export and domestic consumption. Terasol is also currently engaged in field trials of several next-generation feedstocks in Brazil.
“Through our strategic relationship with Argos and combination with Heliagro, Terasol is now a world-class developer and producer of feedstocks for the global marketplace,” said Henrique Ubrig, CEO of Terasol. “We are excited about our first large-scale commercial project this year and are pleased to have Argos, an internationally recognized energy company, as our critical strategic partner.” Imperial Capital advised Terasol on the respective transactions.
Terasol Energy, LLC is a new energy company focused on developing next-generation feedstocks for the specialty chemicals, transportation and power generation industries. Terasol Energy leverages its expertise in plant science and agronomy to develop and produce large scale projects with feedstocks that are truly sustainable and responsible. Terasol’s primary focus is on short cycle crops that maximize the use of productive lands during underutilized cycles. Terasol is based in both New York and Brazil.
Argos Groep BV is one of the leading privately-held, independent oil companies in Northwestern Europe with annual revenue of over $2.5 billion. Argos is based in the Rotterdam where it has a deep-water terminal, biodiesel refinery and large-scale liquids storage facility. Argos is a leading trader, marketer and distributer of fuels and lubricants in Europe. Argos, which operates an innovative combined heat and power (CHP) station in Germany, is also a leading producer of clean energy.
Heliagro Agricultura e Pecuária Ltda. is a leading seed development and commercialization business in Brazil. Heliagro specializes in the adaptation and development of seeds for the Brazilian Cerrado and is a leader in the advancement of sunflower for large-scale cultivation in Brazil. In addition, Heliagro is actively engaged in the research and development of unique, high yielding genetic material. Heliagro was founded by former executives of DuPont South America and a team of agronomists with over 35 years of experience in the development and marketing of advanced genetic material in South America.
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