The transaction will expand The Andersons’ Renewables platform by more than 40% and add approximately 215 million gallons of annual ethanol production capacity.
The recognition follows continued progress in COFCO International’s sustainability strategy.
These projects build on Cargill’s broader renewable electricity efforts, including six VPPAs in North America and a global portfolio of more than 100 renewable energy projects across 30 countries.
The initiative has grown from a company-led sourcing project into a wider agricultural programme involving more than 1,200 farmers committed to sustainable wheat cultivation practices across Europe.
The company will generate carbon credits from its carbon capture and storage (CCS) operations at its corn processing complex in Columbus, Nebraska, the world’s largest bioethanol carbon capture facility.