Germany's Verbio Mulls EUR 100 M Investment in Bulgaria

Business | August 27, 2007, Monday // 00:00

German company Verbio Vereinigte BioEnergie, the biggest biofuels producer in Europe, said on Monday it was considering plans to invest up to EUR 100 M in a biofuel production facility in Bulgaria.

The announcement came after Verbio CEO Claus Sauter met with Bulgarian Energy Minister Petar Dimitrov.

The company wants the new facility to be located close to a port and Bulgaria's city of Varna on the Black Sea is one of the options under consideration.

If Verbio goes through with the plan, it would produce both biodiesel and bioethanol, making Bulgaria a major source of biofuels in southeastern Europe.

The company has several biofuels facilities in Germany, with a cumulative annual production capacity of 700 000 tonnes, investing also in other renewable sources of energy.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria