BIOPETROL INDUSTRIES AG
NEWS:

PRESS RELEASES

(Back to overview)

“A milestone for our company” — BIOPETROL opens second works in Rostock

NB: Please note the disclaimer at the end of this press release

Rostock, December 7 BIOPETROL INDUSTRIES AG officially opened its second biodiesel works in Rostock today. 270 guests from business and politics attending the inauguration ceremony, e.g. Rüdiger Möller (State Secretary) in Mecklenburg-Western Pomeranian, Roland Methling (Lord Mayor of Rostock), Ms. Petra Sprick (General Manager of the German Biofuels Industry Association (VDB), Dr. Fritz Schulze (Consul of Latvia) and a number of representatives from the local labour agencies and chamber of commerce.

BIOPETROL initially creates 32 new jobs at the new biodiesel works in Rostock in the harbour area. The initial capacity will be 150,000 tonnes per year of biodiesel and 18,000 tonnes of glycerine, from mid 2007, capacity will be extended to 200,000 tonnes of biodiesel and 24,000 tonnes of glycerine.

Werner Klink, Chairman of the Board, said “The Rostock works is a milestone for our company. It demonstrates that we deliver what we promised last autumn, when we went public. Within two years we positioned ourselves into a leading international supplier of high-quality biodiesel!” Along with the first works in Schwarzheide, between Berlin and Dresden, the Group's combined capacity is now 300,000 tonnes of biodiesel. Klaus Henschel, Chief Executive Officer of BIOPETROL, added “With another works that we are constructing in two stages in Rotterdam, we will increase our annual capacity in stage one to 750,000 tonnes and from 2008, in stage two, to 1,000,000 tonnes of biodiesel per year. Then we will have a very strong market position with an estimate market share of nearly 10% in Europe!”

BIOPETROL relies for its production on direct links with seaports, waterways, the railway network, pipelines and motorways and on proximity to oil industry refineries. With connections to the Baltic Sea, the railway network and the motorway, the Rostock oil harbour provides outstanding logistical and infrastructure prerequisites for this strategy. “The new works in Rostock”, Henschel said, “BIOPETROL ROSTOCK will contribute toward opening up important regions in Central, Eastern and Northern Europe and broadening our customer base.”

About the company:
BIOPETROL INDUSTRIES AG, based in Zug, Switzerland, produces and distributes via its German and Swiss subsidiaries biodiesel and pharmaceutical grade glycerine of the highest quality. Its customers include the mineral oil industry and oil traders, large fleet operators, public transport, agriculture and the construction industry. In addition, glycerine is supplied to the pharmaceuticals and cosmetics industries.

Disclaimer
This press release is neither an offer to sell nor an invitation to submit an offer to buy or subscribe to securities. This release and the information that it contains are not intended for direct or indirect circulation to or within the United States of America, Canada, Australia or Japan.

(Back to overview)

[ Home | Sitemap | Credits | Deutsch | Nederlands ]

Print

Recommend