Germany’s EOP Biodiesel reports swing to profit in 2008 after change from B100 to B5 strategy

In Germany, EOP Biodiesel announced that it has returned to profitability, reporting a profit of $1.17 million for the first half of its 2008/09 fiscal year, after recording a $10 million loss for 2007/08. The company credited its turnaround to moving from a supplier of B100 to a supplier of B5 for a broader mineral oil market. The increase in fuel prices had raised EOP revenues to 164 million, and increase of nearly three times over 2007/08, primarily due to the change in strategy and the rise in global oil prices.

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