Press release BoxID: 114701 (EOP Biodiesel AG)
  • EOP Biodiesel AG
  • Am Hünengrab 09
  • 16928 Pritzwalk
  • Contact person
  • Volker Siegert
  • +49-69-58997-305

EOP subsidiary ABID starts trial operations

Stock market listing for Austrian subsidiary under consideration

(PresseBox) (Pritzwalk, ) ABID AG in Hohenau, Lower Austria has started trial operations as planned. The official start-up of the facility, which has an annual production capacity of 50,000 tons of biodiesel, is scheduled for September. An oil mill connected to the plant will also start production in the next few days. EOP Biodiesel AG, Pritzwalk has a 58% stake in ABID AG.

EOP Biodiesel AG aims to use Austria as a base from which to tap into markets in South Eastern Europe. Plans to expand ABID's production facility to a production capacity of 100,000 tons by summer 2008 are therefore also in the pipeline. In order to finance further growth, ABID is, amongst other things, currently considering becoming a listed company.