Inpasa and Amaggi withdraw from joint venture for corn ethanol

Companies Inpasa and Amaggi informed, in a joint statement, that by mutual agreement, they decided to "end the negotiations for the formation of a company aimed at the production of corn ethanol." According to the statement, released on Tuesday, August 14, the decision was made after both companies concluded that "they have distinct visions regarding the structure and governance of the project, choosing to pursue their own paths at this moment." According to the text, the process was conducted in a transparent, collaborative manner and with "full alignment with the principles of good corporate governance." The companies also highlighted that "they reaffirm mutual respect and admiration, and will remain open to evaluating future cooperation opportunities in areas of common interest." The announcement ends the project revealed on August 29, when Inpasa and Amaggi had confirmed the ...