14 November 2012 14:53 [Source: ICIS news]
LONDON (ICIS)--Cargill will close its German joint-venture biodiesel plant ?xml:namespace>
The US-based agribusiness firm was confirming German press reports that the 120,000 tonne/year plant in Wittenberge, west of Berlin, would be closed amid weak demand and oversupply on the European market.
In a statement to ICIS, Cargill said it had already agreed a “social plan” to take care of the 28 workers losing their jobs at Wittenberge. Cargill did not say when exactly the plant would be closed.
Cargill added that Bio-Diesel Wittenberge is in talks with a potential investor to acquire the site.
Meanwhile, Cargill's wholly-owned 300,000 tonne/year biodiesel plant at the Frankfurt-Hoechst chemical and industrial park, and its 250,000 tonne/year joint-venture biodiesel plant at
The European biodiesel industry is facing uncertainty from a European Commission proposal to limit the production of biodiesel from food crops.
Additional reporting by Kate Wilcock
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