Photo: Louis Dreyfus Company B.V.
June 18, 2020
BY Louis Dreyfus Company B.V.
Louis Dreyfus Company B.V. has launched a corporate venture capital program called LDC Innovations as an essential element in the company’s strategic plans to reinforce its position as a key value chain participant.
“This program is another positive step in our strategic growth plans, as part of which we are investing in innovations and technologies that can help meet increasing global demand for healthy, nutritious products that are responsibly sourced and produced,” said Ian McIntosh, LDC CEO. “Over the coming months, we will invest in early-stage companies with the potential to transform the food and agriculture industries. Most importantly, we will support businesses that share our vision for a safe and sustainable future through transparent supply chains, responsible sourcing and long-term value creation.”
LDC has appointed Max Clegg to manage the program as head of LDC Innovations, as part of LDC’s innovations and downstream team, to be led by Thomas Couteaudier in addition to his existing responsibilities as head of South & Southeast Asia region.
“Max brings significant experience to the program and will play a key role in building long-term, productive relationships with companies in the LDC Innovations portfolio,” Couteaudier said.
Advertisement
Advertisement
U.S. production of renewable diesel and biodiesel fell sharply in the first quarter of 2025 because of uncertainty related to federal biofuel tax credits and negative profit margins, according to the U.S. Energy Information Administration.
Legislation pending in Nevada aims to create a sustainable aviation fuel (SAF) incentive fund that would provide an incentive of $2.50 per gallon to domestic air carriers to support the purchase of SAF produced within the state.
Operable U.S. biofuel production capacity expanded slightly in March, according to data released by the U.S. Energy Information Administration on May 30. Feedstock consumption was up when compared to the previous month, but down from March 2024.
The Iowa Biodiesel Board and Iowa Soybean Association joined Pilot Travel Centers, PepsiCo and Optimus Technologies to celebrate the launch of a new B99 biodiesel pump for fleets at Pilot’s Des Moines travel center.
Moeve has reached a strategic agreement with Grupo Armas Trasmediterránea to supply 2G marine biofuels in the Canary Islands, with approximately 40,000 tons to be delivered through December 2025 under a long-term contract.