U.S. Grains & BioProducts Council Chairman Jay Reiners signed a memorandum of understanding with BioPower Energy Oct. 16 during Export Exchange 2026 in Seattle, Washington.
BioPower Energy is a joint venture of Quazar Investment and Petron Scientech that plans to build, own and operate a fully integrated biorefinery in the United Arab Emirates.
The memorandum of understanding signified BioPower Energy’s intention to procure 50% to 100% of its feedstock needs from U.S. suppliers, with an initial guaranteed minimum of 1 million metric tons (39 million bushels) in annual purchases.
BioPower Energy Solutions CEO Sameer Salgar signed the memorandum of understanding with Reiners. Chris Riker, deputy administrator for trade policy and geographical affairs with the U.S. Department of Agriculture’s Foreign Agricultural Service, observed the ceremony.
“This MOU is an outstanding example of international collaboration that benefits all parties. The Council is proud to be part of this joint effort to promote the continuous and stable growth of U.S. corn purchases while helping provide renewable fuels and reduced greenhouse gas emissions in the UAE and markets around the world,” Reiners said.
The U.S. Grains & BioProducts Council develops export markets for U.S. barley, corn, sorghum and related products, including distillers dried grains with solubles and ethanol. The council has nine international offices, representation in 30 countries and programming in more than 70 countries worldwide.
The council supports global economic development through partnerships that contribute to the profitability of U.S. agriculture. More information about the council and its programs is available at www.grains.org.
To contact us: hpj.com/contact/
