06 April 2011 16:01 [Source: ICIS news]
LONDON (ICIS)--The closure of Biopetrol Industries' 150,000 tonne/year biodiesel plant at Schwarzheide, Germany, is not expected to significantly affect supply in Europe, a source said on Wednesday.
According to a trader, there is a large capacity for biodiesel production in Europe and Biopetrol's closure would not have any noticeable effects on the market.
The source added that the plant has no barge access and is therefore only useful for supplying customers via rail, meaning it is tied to the inland market and has no real opportunity to trade with the wider European market.
The plant is due to close in June, with Biopetrol citing “difficult market conditions” and a lack of transport links as reasons for the closure.
The closure will result in the loss of 31 production jobs, Biopetrol said in the release of its 2010 earnings on 29 March.
Biopetrol Industries is based in Baar, Switzerland.
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