Agrenco, whose financial and treasury arm operates from Malta and is situated at The Park Lane Buildings in Gwardamangia, began 2008 with the opening of three biodiesel production complexes, two of which include soybean crushing plants that will also generate electric power.

All three plants will be using state-of-the-art technology developed by Agrenco itself. Located in the Brazilian cities of Alto Araguaia, Caarapá and Marialva, the plants are estimated to have a total production capability of 425 million litres of biodiesel and of 320,000 MWh/year of electricity. The latter will be sold to the electricity network, in addition to producing 1,050,000 tonnes of soy bran.

Agrenco has just concluded another important process in its history: a successful primary IPO. When the opening bell rang for the company’s BDRs at the São Paulo Stock Exchange, Agrenco was already capitalised and pursuing the consolidation of its position in the market as a services and integrated solutions provider to agribusiness.

In the global market, Agrenco integrates unique agribusiness services and products, in addition to providing clean technology with carbon credits.

The results of the last quarter of 2007 show the group’s accelerated growth. Gross income amounted to E34.7 million, showing an increase of 340 per cent year on year, totalling E76 million in September 2007, a growth of 65 per cent compared to September 2006.