Energy & resources
The Energy & resources segment contributed €21 million to the total group result (€460 million) of Ackermans & van Haaren in 2024. It includes 3 participations:
SIPEF
SIPEF is a Belgian agro-industrial group listed on Euronext Brussels, specializing in the sustainable production of crude palm oil and other palm products in Indonesia and Papua New Guinea, and bananas in Côte d’Ivoire.
Verdant Bioscience
Verdant Bioscience (VBS), headquartered in Singapore, is developing F1 Hybrid varieties of oil palm and supporting breeding technologies - which do not involve genetic modification - to achieve significant yield increases. This represents the best sustainability gain and will contribute to preventing further deforestation and biodiversity destruction. Verdant Bioscience is on track to launch the first commercial F1 Hybrid oil palm seed in 2029
Sagar Cements
Sagar Cements is a listed cement manufacturer headquartered in Hyderabad (India) with a total production capacity of 10.5 million tons per year. Operating 4 integrated cement plants and 2 grinding units across the states of Telangana and Andhra Pradesh (south India), Madhya Pradesh (central India) and Orissa (east India), Sagar continues to diversify its regional footprint.