EU Approves BP Joint Venture for Biofuels
Date: 31-Aug-07
Country: BELGIUM
US chemical company DuPont is also involved.
"The parties' shares on all relevant markets are below a
level indicating market power and the additional market share
that results from this transaction is very small," the European
Union executive said in a statement.
The companies have announced plans to invest 200 million
pounds (US$401.6 million) in the plant, scheduled to produce
around 420 million litres of ethanol annually from late 2009.