U.S. Crop Trader Andersons Seeks Deals to Join Green Diesel Rush
- CEO says company in talks with feedstock suppliers, refiners
- Agriculture firms could gain as oil companies turn to biofuels
Soybeans are loaded onto the Federal Maas bulk carrier ship moored at the Andersons Inc. grain trans-loading facility in Toledo, Ohio.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
The Andersons, one of the five biggest U.S. grain traders, is actively seeking deals to take advantage of the fossil-fuel industry’s attempt to go green.
As more oil refiners look to take advantage of government subsidies and switch to renewable diesel, Andersons is considering partnerships ranging from helping to supply ingredients -- like vegetable oil or discarded animal fats -- to more direct pacts with refiners, according to Chief Executive Officer Pat Bowe.