V-Fuels enters administration
Northumberland, UK-based biodiesel producer V-Fuels has entered administration owing to a combination of events borne from poor market conditions.
‘It doesn’t mean that as a site and as a business we are a dead duck. We are hoping that the business will be able to move forward, whether as V-Fuels or as another entity,’ V-Fuels site director John Moller comments.
The plant, which is running at two-thirds of the 150,000 tonnes per year capacity, is a multi-feedstock site set up in 2006 to process mainly used cooking oil along with smaller amounts of rapeseed and soya oil.
A month-long shut down forced by a blocked effluent discharge system in late 2008 tipped the firm into administration, Moller says.
Biofuels Corporation’s plant at Seal Sands is now the last remaining biodiesel producer in England, following DI Oil’s departure from Middlesborough in 2008.
UK producers, including Biofuels Corporation, have been calling for action against heavily subsidised imports of biodiesel from the US.
An announcement is expected from the European Commission in March.
‘It doesn’t mean that as a site and as a business we are a dead duck. We are hoping that the business will be able to move forward, whether as V-Fuels or as another entity,’ V-Fuels site director John Moller comments.
The plant, which is running at two-thirds of the 150,000 tonnes per year capacity, is a multi-feedstock site set up in 2006 to process mainly used cooking oil along with smaller amounts of rapeseed and soya oil.
A month-long shut down forced by a blocked effluent discharge system in late 2008 tipped the firm into administration, Moller says.
Biofuels Corporation’s plant at Seal Sands is now the last remaining biodiesel producer in England, following DI Oil’s departure from Middlesborough in 2008.
UK producers, including Biofuels Corporation, have been calling for action against heavily subsidised imports of biodiesel from the US.
An announcement is expected from the European Commission in March.
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