Green Fuel says will construct 31 Mgy biodiesel, 17 Mgy ethanol plant in Bulgaria

In Bulgaria, Green Fuel announced a new plant that will produce 31 Mgy of biodiesel and 17 Mgy of ethanol. The $70 million project will be constructed in the Pleven region, and will produce 50 percent of Bulgaria’s total biodiesel output.

Earlier this month, Israeli billionaire Arcadi Gaydamak and his Petro Group are reportedly began talks to acquire a biodiesel plant in Bulgaria in a $21 million deal. Gaydamak bought Petro Group last June as part of a flurry of acquisitions in Israel. Petro Group owns gas stations and convenience stores in Europe and the US. In August, Verbio Vereinigte BioEnergie said they expected to invest up to 100 million euros in Bulgarian biodiesel and ethanol production.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Bulgaria nears biodiesel mandate: B2 as soon as March 2010

In Bulgaria, the national Council of Ministers has passed a B2 biodiesel mandate, commencing in March 2010. The proposed mandate will increase to 3 percent biodiesel content in September 2010 and 4 pe...

Bio-NRG to build 10 Mgy biodiesel oilseed crushing plant in Illinois

In Illinois, Bio-NRG announced that it will construct a $35 million oilseed crushing and 10 Mgy biodiesel plant on a 15-acre site near LaHarpe. The project is expected to commence in 2010 and be in co...

Ethanol injection for a high becomes a youth craze in Bulgaria

In Bulgaria, local health officials have said that schoolchildren between the ages of 12 and 14 have established a craze in injecting ethanol into their blood to achieve a high. The  craze is located...

Bulgaria to revise renewable energy legislation in face of altfuels slowdown

In Bulgaria, a group of government officials and renewable energy experts have been asked to draft new renewable energy legislation. According to a report in Sofia Echo, "At present, the State Agency ...

Green Star Products signs with Biotech Research to construct 100-acre algae biodiesel facility

Green Star Products has signed a deal with Biotech Research to construct a 100-acre algae biodiesel facility. The plant will be located in the Midwest adjacent to an existing biodiesel plant which wil...

Bulgaria biodiesel plant reportedly a target for Petro Group acquisition

Israeli billionaire Arcadi Gaydamak and his Petro Group are reportedly in talks to acquire a biodiesel plant in Bulgaria in a $21 million deal. Gaydamak bought Petro Group last June as part of a flurr...