Trafigura Plans to Close UK Biodiesel Plant Amid Challenging Market ...Middle East

OILPRICE - Economy
Trafigura Plans to Close UK Biodiesel Plant Amid Challenging Market
source : OILPRICE ( Middle East ) () 23
Greenergy, owned by commodity trading giant Trafigura, said on Thursday it would begin consultation on a proposal to cease production at a biodiesel plant in the UK amid difficult market conditions, dealing another blow to Britain’s fuel industry after the recent collapse of an oil refinery in the same area. A year ago, Trafigura completed the acquisition of Greenergy, a UK-based supplier of road fuels and a major European biodiesel producer. Now, Greenergy intends to cease production at its biodiesel plant in Immingham, Lincolnshire. “Despite…

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