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PRESS RELEASES
BIOPETROL to build third plant in Rotterdam
NB: Please note the disclaimer at the end of this press release
March 10, 2006. BIOPETROL INDUSTRIES AG is to construct its third production facility in Rotterdam. Covering a total surface area 34,000 sq. m. it will produce 400,000 tons of biodiesel and 60,000 tons of pharma-glycerine per year. It is scheduled to start up operation in the third quarter 2007. This third plant will enable the goal of increasing annual capacity to 750,000 tons of biodiesel by 2008 to be achieved more quickly than originally anticipated.
As Klaus Henschel, Chief Operation Officer of BIOPETROL INDUSTRIES AG commented: “In Rotterdam we have found the ideal location for our company in Europe, which offers us a clear competitive edge: First, we will be present in Europe's largest refinery center and therefore close to our clients. Second, Rotterdam offers a large tank storage capacity. In addition, Rotterdam is the center of the European vegetable oil market. Due to the connections to the sea and the Rhine as well as the pipeline network our logistics costs will also be significantly lower than at any other location.”
From Rotterdam, BIOPETROL aims to access sales regions in Northern, Western and Central Europe, thereby broadening its client base. The Rotterdam facility will be technically identical to the one in Rostock, Germany, which will be started up in forth quarter 2006. At present, the company produces biodiesel in Schwarzheide, Germany.
BIOPETROL INDUSTRIES has signed a long-term co-siting agreement with the tank storage company Royal Vopak. Royal Vopak is the world's largest independent tank storage company and serves 73 terminals in 29 countries with a storage capacity of over 20 million cubic meters.
Production capacity to be increased fivefold
BIOPETROL INDUSTRIES AG, based in Zug, Switzerland, produces and distributes
premium quality biodiesel and pharmaceutical grade glycerine through its German
subsidiaries. Its clients include the mineral oil industry and resellers,
large fleet operators and public transport companies. Moreover, pharmaceutical
glycerine is supplied to the pharmaceuticals and cosmetics industry.
BIOPETROL INDUSTRIES AG currently produces around 150,000 tons of biodiesel and 30,000 tons of pharmaceutical glycerine per year in Schwarzheide. In early February 2006, the foundation stone for another facility was laid in Rostock. 150,000 tons of biodiesel per year will be produced there from October 2006, and this figure is set to increase to 200,000 tons in the second expansion phase. By the end of 2007, annual capacity should have increased by a factor of five to 750,000 tons of biodiesel.
Disclaimer
This communication is neither an offer to sell nor a request to make an offer
to buy or subscribe to securities. There is no public offering of BIOPETROL
INDUSTRIES AG securities in connection with the IPO in OTC trading at the
Frankfurt Stock Exchange. This communication is not a securities prospectus.
This communication and the information it contains are not intended for direct
or indirect forwarding to or inside the United States of America, Canada,
Australia or Japan.
>> Download Press Photos Location Rotterdam
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