October 16, 2026 · Seattle, WA
U.S. Grains & BioProducts Council signs MOU with BioPower Energy, the Quazar Investment and Petron joint venture planning an integrated biorefinery in the UAE
BioPower Energy, a joint venture of Quazar Investment and Petron Scientech, signed an MOU with the U.S. Grains & BioProducts Council to source 50 to 100 percent of the feedstock for its planned integrated biorefinery in the UAE from U.S. suppliers.
The U.S. Grains & BioProducts Council (USGBC) signed a memorandum of understanding with BioPower Energy, a joint venture of Quazar Investment and Petron Scientech, at Export Exchange 2026 in Seattle on 16 October 2026.
BioPower Energy plans to build, own and operate a fully integrated biorefinery in the United Arab Emirates. Under the MOU, it intends to source 50 to 100 percent of its feedstock from U.S. suppliers, starting with a guaranteed minimum of one million metric tons (39 million bushels) of purchases a year.
USGBC Chairman Jay Reiners and BioPower Energy’s CEO, Sameer Salgar, signed the MOU. Chris Riker, Deputy Administrator for Trade Policy and Geographical Affairs at the U.S. Department of Agriculture’s Foreign Agricultural Service, observed the ceremony.
Read the full press release from the U.S. Grains & BioProducts Council at grains.org.