Stratulat Albulescu Attorneys at Law (“SAA”) has advised Corden BioChem on the takeover and reactivation of the dormant bioethanol production facility, previously owned by Clariant Group and the subsequent acquisition of a neighboring biomass-based co-generation plant from Getec Servicii Energetice, both assets being located in Podari, Dolj County.
The acquisition represents a strategic component of Corden BioChem’s broader business plan to develop a biotechnology hub in Dolj County, Romania. This transactions marks two mandates in which SAA has assisted in connection with the Podari industrial platform.
The first was in 2024, when Stratulat Albulescu advised International Chemical Investors Group (ICIG), a well-known industrial group with sales exceeding EUR 3 billion and more than 6,000 employees worldwide, on the acquisition of the dormant bioethanol production site in Podari, Dolj County, from Clariant Group, one of the world’s leading specialty chemical companies.
This latest transaction marks a significant step for the Romanian industrial and energy market, enabling the restart of one of the country’s largest bioethanol production facilities while ensuring energy self-sufficiency through low-carbon co-generation. By integrating bioethanol production with renewable energy generation, the Podari platform is positioned as a benchmark for sustainable industrial operations in Romania and aligns with broader European objectives on energy transition, decarbonisation and security of supply.
Corden BioChem is the biotechnology subsidiary of International Chemical Investors Group (ICIG), a privately held industrial group with global operations. Headquartered in Germany, Corden BioChem is a leading contract development and manufacturing organisation (CDMO) for high-quality biotech products, with more than 70 years of experience and one of Europe’s largest fermentation and downstream processing capacities.
The SAA team advising on the deal was led by Silviu Stratulat (Managing Partner), Manuela Iurașcu (Partner) and Luiza Ionescu (Special Counsel), and included Ana Kusak (Partner), Victor Iacob (Managing Associate), Alexandru Lazăr (Senior Associate), Alina Ghezuroiu (Associate) and Carlos Boșogeanu (Associate). The mandate covered integrated legal assistance across corporate, real estate, competition, M&A and energy matters.
