Austria’s RLB rescues biodiesel project with $40 million infusion

In Austria, Raiffeisen Landesbank Oberöstereich CEO Ludwig Scharinger said that the bank will lead a $40 million rescue of the Enns biodiesel plant, and said that the plant would be fully operational in 2009. RLB had been a minority shareholder in the enterprise, which succumbed to the impact of rising feedstock prices in Europe.

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