CNH Industrial acquires stake in UK company
By Roberta Prandi07 April 2021
UK-based Bennamann Ltd. offers solutions to energy-independent and sustainable farming using on-site renewable energy resources.
CNH Industrial announced the acquisition of a minority stake in Bennamann Ltd., a UK-based agricultural technology company in the field of clean energy. This acquisition will see CNH Industrial become Bennamann’s exclusive strategic agricultural technology partner.
Bennamann is working towards an innovative new approach to energy independent, sustainable farming, maximizing the use of on-site renewable energy resources in combination with animal waste, enabling farmers to become ‘Energy Independent’ from fossil fuels and reducing operational costs.
The company also seeks to deliver commercially viable net zero carbon energy products, both biogas and liquid biofuel, from animal waste for sale and distribution, generating additional revenue streams for farmers. It also improves the sustainability of farmland management practices through minimizing artificial inputs such as manufactured fertilizer, lowering operational costs and reducing pollutants. Scalable solutions are focused on reducing initial capital expenditure, rendering the system more accessible to small and medium sized agribusinesses.
CNH Industrial said that this acquisition strengthens the company’s commitment to clean energy, which empowers farmers to drive down agricultural emissions through innovative technologies that embrace the circular economy to deliver environmental and economic benefits for customers and the wider community.
This ‘Energy Independent’ approach is currently being tested across a number of farms in South West England, demonstrating the viability of the closed loop energy system. Furthermore, CNH Industrial is actively collaborating with Bennamann on alternative fuels for agricultural machinery.