Bioverda Plans E37 Million Biodiesel Facility in Thuringen
Posted on: Monday, 25 August 2008, 09:01 CDT
Alternative fuels company Bioverda, a subsidiary of Ireland-based National Toll Roads, has announced plans to invest E37 million in a new biodiesel facility in Thuringen, Germany, through its local subsidiary Emerald Biodiesel, according to PetrolWorld.
The news source reported that Bioverda has partnered with GAF Energy Technology for the growth of its biodiesel business.
The Thuringen biodiesel facility is expected to have the capacity to process 110 million liters of rapeseed oil annually.
Bioverda expects this new facility to increase its total production volume to 160 million liters annually, considering volumes from its existing Neubrandenberg plant in Germany. The company plans to build more such biodiesel plants across Europe, according to its CEO, John Mullins.
Source: Datamonitor
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