They're not a partner of SZYM yet. The demonstration scale facility isn't even up and running yet. Let's not get ahead of ourselves.
I see 18 patents assigned in the US. None of which matches the description above. Got a title or patent no? If an application, what's the app. No.?
Whats the title? I cant find it under that number. Last patent app was on 10/17 and last patent I see was on 10/15
Our Brazilian sugarcane milling operations, however, continue to be challenged. The excessive rains have hurt ATR and limited crush, and capped ethanol prices limit the ability to compensate for the reduced output. These conditions make it difficult for the milling sector to generate consistent profit and appropriate returns.
So ethanol is capped and its the only way to compensate for poor milling, eh? Sounds like optimization requires another source of revenue at the source if you ask me. Perhaps one that can tie in well with the prosperous food and ingredients line they just praised?
Im thinking you just agreed with me but im not sure based on that snarky last line lol.
1.2 mil mt of sugar needed = 8 mil cane needed. We good?
After rreading through the transcript it seems like there are aspects of the sugar biz that bunge likes (the agriculture part not being one of them). It seems more like an issue of steadying crushing costs. They have 21 mil tons of cane crush.... szym needs 8 mil for 400k mt of oil. This could be bgs breaking of the ice to dedicate a larger portion of its crop down this road.
Ryan Oksenhendler - BofA Merrill Lynch, Research Division
Okay, that's fair. And then in terms of the strategic alternatives for the sugar business. I guess, how long should we expect that process to go on before you make a decision?
Soren W. Schroder
I do want to put a timeline on this at this point. I think the important message to you and to others is that we got our eyes open. We are aware of the challenges of the industry. We're going to be active, and we'll take our time and make sure that we end up with a thoughtful conclusion on this in the fullness of time.
Im curious too. Having expanded the jda to include food I don't see them abandoning this long term partner overnight. So does that mean getting in deeper?
Bg bought wheat mills. Now its announcing sugar options. Sugar unit has struggled for some time. Again, im not convinced this is bad.
Proterro isnt a threat to anyone for at least a decade. Likely more. Its just a new tech with a solution to cheap industrial sugars. The rollout will take a looong time before it influences markets
"Bunge, one of the world’s biggest traders of agricultural commodities, is considering a sale of its sugarcane milling business in which it has invested heavily over the past few years.
“Given the challenges facing the Brazilian industry, we have commenced a comprehensive process to explore all alternatives to optimise the value of this business,” Bunge said in a statement."
IMO, This can be both good and bad...depends on what they do.
If that is supposed to read "sugarcane yields 7 MT of sugar per acre per year", i think that's incorrect. Cane yields about 35 tons of cane per harvested acre, which equates to about 4.2 tons of sucrose per acre, which is about 3.81 MT.
But yeah, it is impressive what szym's yield is in terms of oil output compared to natural sources