Tue, Feb 09 2010

GERMAN FIRM TO CONSTRUCT BIO-FUEL PLANT IN BULGARIA FOR 100 MLN EURO

Tue, Aug 28 2007 09:04 CET 422 Views
German company Verbio Vereinigte BioEnergie AG has been examining opportunities to invest 100 million euro in the construction of a plant for bio-fuel production.

The firm has been researching the proper terrain for the construction. The company insists that the plant should be located near a port and is considering the region of Varna, company representatives said, as quoted by investor.bg.

The production facility will produce bio-diesel and bio-ethanol. The company is expected to apply for a first-class investment certificate. Bulgaria could become a main producer of bio-fuels on the Balkan region, the company's managing director Claus Sauter said.

Verbio has several bio-diesel and bio-ethanol plants in Germany. Their total capacity exceeds 700 000 tons a year, or 2.1 litres a day. Of this, 400 000 tons is bio-diesel and 300 000 tons is bio-ethanol.

The firm currently uses rapeseed and rapeseed oil as raw materials, and is expected to introduce palm oil to its production line by the end of 2007.

Write comment

Name:Comment:

Generate new code
Send your comment

By posting a comment, you are deemed to have read and agreed to our
Acceptable Use Policy.

More in this category

Global Toyota Prius recall affects Bulgaria

Toyota made a global statement announced that around 436 000 vehicles worldwide are to be recalled for inspection and upgrade, including the latest Prius model which is sold in 60 countries, Bulgaria included

Construction of Sofia's Serdika Center mall to resume

Builders have met all municipal requirements and will also pay to renovate parks.

Business person of the year contest launched

Non-Bulgarians can also be nominated as long as the company they own or work for has a minimum of five per cent Bulgarian capital.

Christmas shopping fails to cheer up Bulgaria retail sales

The Christmas shopping season has not driven up retail sales in Bulgaria, according to the latest data of Eurostat, the EU’s statistical office.

Just a blip

The global financial crisis has slowed down globalisation, but only temporarily, one study says

Appointments

Fisheries and Aquaculture

Fisheries and Aquaculture

Yavor Nedev has been appointed head of the state National Agency of Fisheries and Aquaculture. He replaces Yordan Staikov who join the team of advisers of Agriculture Minister Miroslav Naidenov. In 2009, Nedev was appointed by Naidenov as director of the recently-founded state Fishery Resources company, which is to manage fishing ports and operate with EU funds. He has been vice president of the Bulgarian - Swiss Chambers of Commerce as well as president of Cherno More football club in Varna. Nedev has also worked as a political scientist and university professor.

© 2000-2010, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.