LUXEMBOURG, July 5, 2012 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO), one of the leading agricultural companies in South America, announced today that its sugar, ethanol and energy production cluster in Mato Grosso do Sul, Brazil, has been certified under the Bonsucro Production Standard.
Angelica is the first mill in the state of Mato Grosso do Sul and the sixteenth worldwide to achieve the Bonsucro certification. Over 33 thousand hectares of sugarcane plantations were audited in the certification process, resulting in a certified production of 170 thousand tons of sugar and 125 thousand cubic meters of ethanol.
The Bonsucro Production Standard is a global multi-stakeholder non-profit initiative focused on improving the social, environmental, and economic sustainability of sugar, ethanol, and energy production from sugarcane. The certification assures buyers, suppliers and consumers that sugar and ethanol are produced with a focus on fulfillment of five key items: (i) legal compliance; (ii) biodiversity and ecosystem impacts; (iii) human rights; (iv) production and processing; and (v) continuous improvement.
This certification will allow Adecoagro to access new markets and expand its commercial opportunities. The Bonsucro certification meets the sustainability criteria set by the European Union Renewable Energy Directive, which mandates 20% renewable energy consumption for its Member States by 2020.
Since its inception, Adecoagro's business model has been focused on operational efficiency to achieve low cost production balanced with environmental and social sustainability to ensure long term profitability. During the last 12-months, Adecoagro has achieved other important certifications for its food and renewable energy production: ethanol production has been approved to enter the U.S. market as an advanced biofuel under the Environmental Protection Agency's Renewable Fuel Standard (RFS2) and the California Air Resources Board Low Carbon Fuel Standard (LCFS); soybean production has been certified by the Round Table on Responsible Soybean (RTRS). The Bonsucro certification is yet another proof of Adecoagro's strong commitment to the highest sustainability standards.
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About Adecoagro: Adecoagro is a leading agricultural company in South America. Adecoagro owns over 293 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 1 million tons of agricultural products including corn, wheat, soybeans, rice, dairy products, sugar, ethanol and electricity among others.
Forward-Looking Statements: This press release may contain certain forward-looking statements and information relating to Adecoagro S.A. and its subsidiaries (collectively, "Adecoagro" or the "Company") that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "believe", "anticipate", "expect", "envisages", "will likely result", or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In no event, shall the Company or any of its subsidiaries, affiliates, directors, officers, agents or employees be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages.
SOURCE Adecoagro S.A.