Rearrange The Following: Enormous House Cards Of

Posted by Nogger - a legend in his own mind at 13:14 | Categorized as

29/03/11 -- Another German biodiesel producing plant is to close I see. Glencore-owned Biopetrol Industries AG says it is to halt production at it's facility at Schwarzheide in central Germany citing "overcapacity, pressure on margins and low utilization rates."

The plant apparently had an annual capacity of around 150,000 MT of biodiesel per annum.

The company's website is today reporting a net loss of "KEUR 73,009" for 2010. KEUR? Does that mean 73 million euros then? That's quite a lot isn't it?

Remind me again who's bright idea this all was.