In Brazil, Vanguarda Agro is moving out of biodiesel and shifting its focus solely to agriculture. It has recently sold a biodiesel refinery in Rosario do Sul and a vegetable-oil extraction plant in Rio Grande do Sul state to rivals Camera Agroalimentos for $33 million. The facility is currently idle as it didn?t receive any contracts for production during the government auction in August.
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Category: International
Source: http://biofuelsdigest.com/bdigest/2011/10/26/vanguarda-agro-exits-brazilian-biodiesel-business/
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