Ineos gives green light to $100 million Baleycourt expansion in France; biodiesel capacity will expand to 65 Mgy

In the UK, Ineos confirmed that it has given the green light to its $100 million expansion of the Baleycourt biodiesel plant in France. Capacity will double to 65 Mgy. The project is a joint venture with German oil company C Thywissen and SICLAÉ, a French farming cooperative.

Ernst & Young’s Biofuels Country Attractiveness Indices for 2007 ranked France second for biodiesel and fourth for ethanol.

Initiatives such as the Grenelle de l’environment scheme, which sets a CO2 reduction goals, are credited with helping to create an attractive investment environment.

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