ABF takes $148 million write down on Vivergo Fuels investment

In the UK, falling oil prices and weaker margins have also taken a hit on Vivergo Fuels where one of its parent companies Associated British Foods has written down $148 million on its investment. The Euro’s 3% fall against the pound has weighed even more heavily on UK-based ethanol producers than those on the continent who are suffering from just low prices.