In Germany, Ambrian Capital has acquired Masefield Biofuels, the biofuels business of international energy trading company Masefield Group. The newly re-named Ambrian Energy GmbH will focus on palm methyl ester (PME), rapeseed methyl ester (RME) and soybean methyl ester (SME).
The new mother company will invest $5 million in capital. Ambrian Energy GmbH will lease 12,200m3 of biodiesel storage tank capacity in Ghent, Belgium.
More background on the story from the Digest