In the UK, Reuters reported that global commodity trader Trafigura’s UK-based biofuel producer and fuel distributor Greenergy will begin a consultation with employees to close its biodiesel plant in Immingham, northeastern England.
Around 60 jobs will be subject to the consultation process, according to a company spokesperson.
Greenergy shut down the plant and placed it under strategic review at the end of May, citing “unsupportive” market conditions despite “implementing significant cost reduction measures”.
“In light of continuing market pressures, we unfortunately do not have enough certainty on the outlook for UK biofuels policy to make the substantial investments required to create a competitive operation at Immingham,” Greenergy CEO Adam Traeger said.
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