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.

Check out Doris de Guzman’s Green Chemicals Blog for views on sustainability issues

To discuss issues facing the chemical industry go to ICIS connect


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index