07 January 2008 14:32 [Source: ICIS news]
LONDON (ICIS news)--Spanish biofuels firm Diesel Energy will invest €45m ($66m) to build a 150,000 tonne/year biodiesel factory at Seville in Spain, a company official said on Monday.
Diesel Energy will start building the site in March with production scheduled to begin some time in 2009.
The factory will be built on a 27,000-square-metre plot in the ?xml:namespace>
Diesel Energy has struck a partnership with local petrol firm CLH to store and mix the biofuel, the official said.
The company will use a range of undisclosed vegetable oils to power the factory and by-products such as lecitine and glycerine will be used in the manufacture of animal feed and pharmaceutical products, added the official.
Spanish state industrial investment firm SEPI will own an undisclosed stake in Diesel Energy, which is majority held by Spanish investment group Capital Energy.
($1 = €0.68)
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