business

Beta Renewables

Beta Renewables is a leading name in the non-food biomass sector for the production of advanced biofuels and biochemical compounds at competitive rates.

The company was created in late 2011 out of a joint venture between Biochemtex – part of the Mossi Ghisolfi Group – and the US-based private-equity fund TPG (Texas Pacific Group) with a total investment of €250 million ($350 million). 

In late 2012, Novozymes – a world-leading name in the enzymes sector – entered the shareholding group of Beta Renewables with the acquisition of 10% of the shares for €115 million.

Beta Renewables is the proprietor of Proesa® technology applied to the bio-fuels and chemical intermediates sector.

Beta Renewables manages the plant in Crescentino (Vercelli), which is the first site in the world for the production of second-generation ethanol.