Global Clean Energy Holdings Inc. (GCE), a renewable fuels company, has reportedly acquired Madrid, Spain-based CCE (Camelina Company España S.L.), the largest camelina crop innovator in Europe.
CCE, in combination with Sustainable Oils Inc. (SusOils), a fully-owned subsidiary of GCE, will further improve the company’s portfolio of licensed camelina genetics. SusOils and CCE have been partnering for some time to broaden and sync their collective research and development activities.
The consolidated capabilities will expedite the development of licensed germplasm and camelina varieties that will offer additional revenue opportunities to third-party contract camelina growers in Western Europe, South America, and North America by sustainably increasing their options of fallow crop rotation.
According to Richard Palmer, the Chief Executive Officer and President of GCE, this acquisition showcases the company’s ongoing commitment to making domestic as well as international investments in the infrastructure, science, and farmer education required to deliver top-quality camelina feedstocks. This caters to the growing global demand for sustainable aviation fuels and renewable diesel without impacting food security and food crop displacement.
Palmer added that the acquisition lays a foundation for the firm’s rapid expansion into South America and Europe.
It is worth noting that CCE was the first global company in 2013 to receive a sustainability certificate from the RSB (Roundtable on Sustainable Biomaterials), a global sustainability standard and certification system for biomaterials and biofuels production.
The company has significant expertise in producing camelina along the entire value chain, having supplied certified and sustainable camelina oil for producing aviation biofuel as well as camelina meal, a top-quality plant-based source of protein for the livestock feed sector.
CCE manages an ongoing program of plant breeding with over 600 camelina germplasm lines and owns nine licensed varieties of camelina which allows a sustainable introduction of camelina in various crop rotations without any primary crop displacement.