UK's Ineos plans 70 mln eur biodiesel expansion project in France |
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Tue, 27 Nov 2007 13:13
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LONDON (Thomson Financial) - UK chemicals group Ineos said it is proceeding with a 70 mln eur biodiesel expansion project in France, a key part of its target to double the annual capacity of its Baleycourt biodiesel complex to 230,000 tonnes.It is pursuing the project jointly with French farming cooperative SICLAÉ and C Thywissen, which runs an oil mill in Germany.The project involves the construction of a new oilseed crushing unit and a vegetable oil refining plant at the Baleycourt site in Verdun. It will allow 400,000 tonnes of locally produced rapeseed to be transformed into oil and then biodiesel, Ineos said in a statement.'This is a major milestone in our plans to become Europe's premier biodiesel supplier with more than 2 mln tonnes of biodiesel output from new Europe-wide investments by 2012, with at least half of this by 2010,' said Harry Deans, chief executive of Ineos Enterprises.monicca.egoy@thomson.commbe/roCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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