16 December 2008 14:24 [Source: ICIS news]
TORONTO (ICIS news)--EOP Biodiesel plans to sell its holding company in Latvia, including a 10,000 tonnes/year oil mill, the Germany-based renewable fuels producer said on Tuesday.
Also, the oil mill was too small for EOP’s expanding business, it said.
In related news, the company reported a fiscal first quarter net profit of €280,000 ($384,000), compared with a €1.5m loss a year earlier, on a 65% increase in revenues to €41.7m.
($1 = €0.73)
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
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