Germany’s BKN biostrom sells 50,000 tonne/year biodiesel plant

07 September 2010 14:43  [Source: ICIS news]

TORONTO (ICIS)--German biogas firm BKN biostrom has sold its 50,000 tonne/year biodiesel plant to BioDiesel Bokel GmbH, thereby exiting that loss-making business, it said on Tuesday.

“I am pleased that we could find a buyer, despite the difficult conditions in the biodiesel market,” said BKN head Gunter Schlotmann.

The rapeseed-fed plant at Bokel in northern Germany was sold “at about book value”, BKN said, but did not disclose the sales price.

With the sale, Gunnar Dresen, BKN’s chief financial officer and head of the biodiesel business, would leave the company, it added.

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By: Stefan Baumgarten
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