Mascoma Acquires SunOpta Ethanol Plant

SunOpta has sold its cellulosic ethanol producing unit SunOpta BioProcess (SBI) to US-based Mascoma for $51m to focus on its core natural and organic foods business.

The deal allowed Mascoma to form a new company with SunOpta and BioProcess to convert non-food cellulose, such as wood chips, energy crops and organic solid waste, to ethanol.

Mascoma will own about 73% of the to-be-formed Mascoma Canada while SunOpta will own 18%, and the remaining stake will be owned by the BioProcess unit.

The combined entity will operate both in the US and Canada.