Latest news with #processing
Yahoo
22-07-2025
- Business
- Yahoo
Tetra Pak and Zulfa unveil greenfield initiative in Libya
Tetra Pak Egypt Area has launched its inaugural greenfield project in Libya, in partnership with Zulfa, part of Alushibe Group. The initiative involves an investment of €14m ($16m), aimed at bringing advanced packaging and processing technologies to the Libyan market, according to a press release posted on Zawya. The project will establish a 140,000m² facility in Benghazi, with the agreement reached in late 2024. This facility will incorporate fully integrated processing and packaging systems operating under an L3 framework, which will include mixing systems, ultra-high-temperature and pasteurisation processes, as well as three production and filling lines in its initial phase. Operations are expected to begin in early 2026. The initial focus will be on product launches in the milk and juice sectors. This development aligns with Tetra Pak's ongoing efforts to enhance food processing and packaging capabilities while supporting local production and innovation within the food supply chain. Tetra Pak Egypt Area managing director Wael Khoury said: 'Launching our first greenfield project in Libya is a major step forward in Tetra Pak Egypt Area's strategy to unlock high-growth markets. Libya holds significant potential, and this investment reflects our commitment to contributing to economic and industrial development. 'Partnering with Zulfa is pivotal to our approach. Together, we're combining Tetra Pak's global expertise with Zulfa's deep local knowledge and strong market presence. 'This collaboration is built on a shared vision to drive innovation and sustainable progress in Libya's food industry.' Earlier this month, Tetra Pak launched its second aseptic carton material production line at its Binh Duong site in Vietnam. "Tetra Pak and Zulfa unveil greenfield initiative in Libya" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-07-2025
- Business
- Yahoo
$700M soybean crushing operation to start in Nebraska's David City by late August
Ag Processing Inc. (AGP) held a ceremonial grand opening for its new soybean processing complex in David City, Nebraska. The facility is on a nearly 275-acre site and is to process more than 50 million bushels of soybeans a year. (Courtesy of AGP) LINCOLN — A new soybean crushing facility that owners say brings a $700 million investment to Nebraska's David City and will support 80 jobs is set to launch commercial operations by the end of August. On a site that spans nearly 275 acres, the Ag Processing Inc. plant at full speed is expected to process 50 million bushels of soybeans and produce 700 million pounds of refined soybean oil. Such byproducts are used for animal feed, cooking and biofuel. The operation about an hour northwest of Nebraska's capital city, will be the 11th soybean processing location for AGP, an agribusiness headquartered in Omaha and owned by local and regional cooperatives representing farms and producers across the U.S. A spokesman said the latest plant location, announced in 2022, was chosen largely for proximity to cooperative members, a reliable supply of soybeans, workforce and transportation access. Infrastructure was another factor, said AGP's Michael Dolch, as the grounds include 2.5 miles of paved roads and nearly 13.6 miles of rail track. 'As a cooperative, AGP's mission is to add value to our members' soybeans by processing the beans into meal and oil, selling those products in the open market, and returning the earnings to our local owners,' Board Chair Dean Thernes said in a statement. He said David City adds to AGP's midwestern processing capabilities and improves its competitive edge in domestic and international markets for the growing industry. The cooperative's last soybean processing plant opened six years ago in Aberdeen, South Dakota. State leaders including Nebraska Gov. Jim Pillen joined AGP members and industry representatives on Thursday for a ceremonial grand opening. Pillen talked about Nebraska's reliance on agriculture and said the new plant would consume more than 15% of the state's soybeans grown. 'AGP's processing facility is creating fantastic opportunities for our soybean farmers and bringing rewarding careers to David City,' he said. 'This plant … improves the basis for local markets and puts more cash in producers' pockets.' AGP managers credited local support for helping the project to materialize. 'With the amount of rail track on site, AGP will load a unit train of 110 cars every three to four days. We will be able to hold a loaded unit train, receive an empty unit train and continue to build a third unit train of soybean meal,' said Lou Rickers, chief operations officer. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Solve the daily Crossword
Yahoo
17-07-2025
- Business
- Yahoo
Cermaq buys three salmon plants from Norway peer Grieg Seafood
Cermaq plans to acquire three salmon processing facilities from Norwegian peer Grieg Seafood for Nkr10.2bn ($988.6m). The purchase of the sites – one in Finnmark, Norway, and two others in Canada in British Colombia and Newfoundland – is subject to approval by the 'relevant' competition regulators, Cermaq, a European subsidiary of Japan's Mitsubishi Corp., said in a statement today (17 July). Separately, Grieg Seafood said the disposals also include its sales organisation in North America as the salmon processor seeks to focus operations on Rogaland in Norway. Cermaq CEO Steven Rafferty said the plant acquisitions will 'strengthen our competitiveness and contribute to growth'. He added: 'We have profound respect for Grieg Seafood and their pioneering initiatives as a global company with a long-lasting legacy. 'With dedicated employees and operations in several regions where Cermaq operates today, we believe the companies are an excellent match with a common goal for sustainable and innovative operations.' Asked by Just Food to confirm the processes conducted at the three facilities and whether any jobs will be lost, or in fact retained, a spokesperson for Oslo-based Cermaq declined to comment, saying the company was restricted by the regulatory proceedings. Grieg Seafood confirmed the plant sales and transaction price in its own statement from Nina Willumsen Grieg, who took on the CEO role on an interim basis in March to replace Andreas Kvame. 'This transaction will position both Grieg Seafood and the regions for the future. It allows us to concentrate focus and resources in Rogaland,' she said. 'We aim to continue to be a strong actor in the advancement of sustainable aquaculture in Norway.' This publication has also asked Grieg Seafood to confirm the nature of the three operations, the future of employees, and whether Ms Grieg has taken on the CEO role on a permanent basis. In a Euronext filing, Grieg Seafood said the transaction with Cermaq is expected to close in the final quarter of this year subject to regulatory approval. The company will provide more information on its 'strategic direction' when second-quarter results are issued on 26 August. Meanwhile, in a separate presentation, Grieg Seafood said the transaction will have no impact on its 'ownership' in Tytlandsvik Aqua and Årdal Aqua, while its new value-added processing site in Gardermoen, Norway, will remain with the business. First-quarter results issued in May showed Grieg Seafood booked sales of Nkr2.18bn, down 4.8% from a year earlier. Harvest volumes fell to 20,770 tonnes GWT, from 21,075. EBITDA declined 14% to Nkr381m, while profit before tax remained in the red with losses widening to Nkr603m from Nkr301m. Issuing the fiscal 2024 results in February, Grieg Seafood said it booked a Nkr1.74bn impairment 'due to changes and uncertainty in Canada'. Kvame, still CEO at the time, explained: 'While Rogaland continued to deliver strong operational and financial performance, the fourth quarter continued to bring difficult operating conditions and adverse biological events in Finnmark. 'In Canada, we maintained a cautious approach in British Columbia given the persisting political uncertainty and worked to find a good way forward for our operations in Newfoundland.' For the full year, sales revenue at Grieg Seafood rose 5.1% to Nkr7.38bn. Harvest volumes climbed 7.9% to 77,704 tonnes GWT. However, EBITDA slumped to Nkr659m from Nkr1.33bn. The company delivered a net loss of Nkr2.45bn versus a Nkr560m profit in fiscal 2023. "Cermaq buys three salmon plants from Norway peer Grieg Seafood" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
National Post
17-07-2025
- Business
- National Post
Rare Element Resources Provides Rare Earth Demonstration Plant Update Following Comprehensive Review
Article content LITTLETON, Colo. — Rare Element Resources Ltd. (the 'Company' or 'RER') (OTCQB: REEMF) is pleased to provide an update on the development progression of the Company's rare earth processing and separation demonstration plant in Upton, Wyoming (the 'Demonstration Plant' or 'Plant'). As noted in our April 2025 announcement, the trajectory toward commencement of operations was halted for a thorough review of the as-built Demonstration Plant to review all materials of construction, piping and electrical design, and other key items to ensure an efficient and safe operation. That review has been steadily progressing which has resulted in several areas of improvement being identified requiring rework, and in some cases equipment upgrades, which are now being sourced. The schedule to incorporate these rework activities into the Plant's operation is now being finalized and is expected to be completed in August, with expected final inspection and shake-down activities taking place by the end of 2025. Plant operations are now expected in the first quarter of 2026. Article content The data gathered from the operation of the Demonstration Plant will be critical in advancing the design and economics of a commercial plant utilizing the Company's proprietary processing and separation technology. Once operational, the Demonstration Plant is planned to operate for up to 10 months and produce up to 10 tons of separated neodymium/praseodymium (Nd/Pr) oxide. Article content Ken Mushinski, the Company's President and Chief Executive Officer stated, 'As we focused the prior weeks on the full system connectivity and materials of construction, we are pleased to report that our team has now completed the updated Piping and Instrumentation Diagrams and are sourcing the necessary additional equipment and construction materials. Further, we have begun updating our system control narratives to align with the upgraded design.' Mr. Mushinski added, 'We believe our innovative technology, along with our world-class Bear Lodge mineral deposit, can become a cornerstone of America's rare earth needs at a time when the U.S. government recognizes China's market dominance must be addressed.' As the Company continues to advance its Demonstration Plant project, the Company is participating in the continuing national conversation focused on securing a reliable domestic supply of critical rare earths to meet the nation's defense and high-tech needs. On June 24, 2025, Mr. Mushinski was invited to testify at the U.S. House Committee on Small Business' hearing on critical minerals titled ' Securing America's Mineral Future: Unlocking the Economic Value Beneath Our Feet.' Reflecting on this experience, Mr. Mushinski commented, 'I was gratified to provide RER's perspective on a sustainable rare earth supply chain and encourage the federal government to support the establishment of a diversified source of rare earths to meet our domestic and allied partners' needs, such that the China market dominance will no longer control America's technology future.' Article content Rare Element Resources Ltd. Article content is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy, and defense applications by advancing the Bear Lodge Rare Earth Project in northeast Wyoming incorporating the Company's proprietary rare earth processing and separation technology. Bear Lodge is a significant mineralized district containing many of the less common, more valuable, critical rare earths that are essential for high-strength permanent magnets, electronics, fiber optics, laser systems for medical technology and defense, as well as technologies like electric vehicles, solar panels, and wind turbines. Article content Forward-Looking Statements Article content This news release contains forward-looking statements and information within the meaning of securities legislation in the United States and Canada (collectively, 'forward-looking statements'). Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are usually identified by our use of certain terminology, including 'will,' 'believes,' 'may,' 'expects,' 'should,' 'seeks,' 'anticipates,' 'plans,' 'has potential to,' or 'intends' (including negative and grammatical variations thereof), or by discussions of strategy or intentions. Such forward-looking statements include statements regarding (i) expectations that the Demonstration Plant will generate the operational and economic data necessary for the design of a commercial-scale plant; (ii) the Company's ability to timely complete a design and equipment review at the Demonstration Plant, followed by implementation of upgrades and commence operations in the first quarter of 2026; (iii) anticipated delays and the expected timeline for shake-down activities and commencing operations of the Demonstration Plant in late 2025; (iv) the Company's ability to meet the demand for a secure and diversified domestic source of critical rare earths for U.S. defense and high-tech applications; and (v) expectations that the Demonstration Plant will operate for up to 10 months and produce up to 10 tons of Nd/Pr oxide, supporting discussions with potential strategic partners and offtake customers. Factors that could cause actual results to differ materially from those contemplated, expressed or implied by the forward-looking statements contained in this news release include, but are not limited to, the ability to operate the Demonstration Plant for a sufficient amount of time to ascertain commercialization decisions, the ability to maintain Demonstration Plant licensing and permits, the possible full impacts of inflation and supply chain issues, such as delays or further cost increases, tariffs or trade restrictions, and other matters discussed under the caption 'Risk Factors' in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and our other periodic and current reports filed with the U.S. Securities and Exchange Commission (the 'SEC') and available on and with the Canadian securities commissions available on There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other uncertainties and risk factors set out in our filings made from time to time with the SEC and the Canadian regulators, including, without limitation, our reports on Form 10-K and Form 10-Q. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. While we may elect to update our forward-looking statements at any time, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Article content Article content Article content Article content Article content Article content
ABC News
13-07-2025
- Business
- ABC News
Olive Overhaul: Transforming the taste of olives
A world-first processing method is transforming the taste of table olives while reducing labour and water use.
