Biofuels producer VERBIO Diesel Canada has agreed to purchase a biodiesel plant in Canada from Atlantic Biodiesel.
The plant, which has an annual production capacity of 150,000 tonnes of biodiesel and 18,000 tonnes of raw glycerin, is located in Dain City, Ontario.
The deal is expected to close by the middle of 2019, pending certain conditions.
According to VERBIO, the purchase is part of its internationalisation strategy regarding the growing North American biofuel market.
VERBIO Diesel Canada is a wholly owned subsidiary of VERBIO Vereinigte BioEnergie.