Dosbio Cadiz biodiesel start-up delayed to H2 2008

12 July 2006 17:36  [Source: ICIS news]

MADRID (ICIS news)--Spanish biofuels company Dosbio 2010 has postponed until the second half of 2008 the planned start-up of its 200,000 tonnes/year biodiesel plant at Jedula, Cadiz in southern Spain, a company source said on Wednesday.

 

However, the estimated cost has been reduced to €53m. In an earlier projection, Dosbio - a unit of Spanish sugar and food major Ebro Puleva - said it was due on stream in the first half of 2008 at an estimated cost of about €60m.

 

The budget for Dosbio's planned 100,000 tonnes/year bioethanol plant in the Castille and Leon region has also been revised, to €70m from an initial estimate of €50m. Expected on stream in the first half of 2009, the plant will be located in Miranda de Ebro (Burgos), northen Spain, the source said.

 

Dosbio's total estimated investment in biofuel plants rises to €203m with the inclusion of its €80m share of a 200,000 tonnes/year bioethanol plant that has been built at Babilafuente in Salamanca under a 50:50 joint ventuire with Spain's Abengoa. The plant, which is already exporting bioethanol from its start-up phase, is due to reach full capacity later this year.

 

Output from the three biofuel plants is expected to generate annual sales of about €292m for Dosbio in the medium term.

By: Ivan Castano Freeman
+44 20 8652 3214

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