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Glencore makes deal

This article was originally published in The Public Ledger

GLENCORE has taken a stake of 50% plus one share in Swiss-German biodiesel maker Biopetrol Industries, which was forced to financially restructure last year. Glencore has the option to increase its holding to a two-thirds majority. Biopetrol has production capacity of about 350,000 tonnes of biodiesel at two sites in Germany, and is starting up a 400,000 tonnes biodiesel plant in Rotterdam in the Netherlands.



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