Biopetrol Industries to acquire Dutch Biodiesel

24 November 2010 14:59  [Source: ICIS news]

TORONTO (ICIS)--Biopetrol Industries has agreed to acquire Dutch Biodiesel to boost its market position in the European biodiesel market, the Switzerland-based producer said on Wednesday.

Dutch Biodiesel has a 250,000 tonne/year biodiesel plant in Rotterdam, the Netherlands. Biopetrol has a total biodiesel capacity of 750,000 tonnes/year from plants in Germany and the Netherlands.

Dutch Biodiesel petrol shareholders would receive 27m Biopetrol shares out of a capital increase in exchange for their holding, Biopetrol said without disclosing the exact value of the deal.

Dutch Biodiesel shares are currently held by commodities trader Glencore (60%) and independent oil firm Argos Groep BV (40%). Late last year, Glencore already acquired control of Biopetrol.

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By: Stefan Baumgarten
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