DGAP-News: PETROTEC AG: Fire incident at biodiesel plant has been contained in time
(firmenpresse) - DGAP-News: PETROTEC AG / Key word(s): Miscellaneous/Miscellaneous
PETROTEC AG: Fire incident at biodiesel plant has been contained in
time
24.09.2012 / 21:41
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Petrotec AG
Corporate News
Fire incident at biodiesel plant has been contained in time
Borken, September 24th, 2012 - At Petrotec's (ISIN DE000PET111) biodiesel
production plant in Südlohn-Oeding a fire broke out on Sunday morning in a
side production line of its biodiesel production process. The local fire
brigades were able to quickly extinguish the fire. The main biodiesel
production line has not been damaged and there was no production halt of
this line. Petrotec reports that biodiesel production throughput might be
reduced at approximately 5% for up to six weeks. The management however
estimates that the incident will most probably have no impact on the
outlook it has provided in the Q2 report published by the Company.
About Petrotec
Petrotec AG, Germany, is the largest European producer of waste-derived
biodiesel, mainly based on used cooking oil. The Company owns an overall
nominal biodiesel production capacity of 185,000 tons per year at two
locations in Germany. Petrotec runs a vertically integrated business model
including own collection of used cooking oil from more than 15,000
collection points, treatment and refining of the raw material up to the
technologically demanding production of waste-based biodiesel. The Company
sells its biodiesel to large mineral oil companies in northwest Europe. The
usage of waste based biodiesel is incentivized by major EU countries with a
double counting scheme as part of the mandatory blending quotas. Petrotec's
EcoPremium biodiesel provides significant environmental and climate
advantages with the highest CO2 emission reduction of 83% (compared with
fossil diesel) amongst all biofuels approved by the EU Renewable Energy
Directive (2009/28/EC). Since its IPO in 2006, Petrotec cleaned 600,000
tons of waste and saved over 1.6 million tons of CO2 emissions. Petrotec is
a public listed company (ISIN DE000PET111) in the regulated market of
Frankfurt Stock Exchange, in the Prime Standard segment, complying with
high international transparency standards. It has a capital stock of
24,543,741 Euro, equaling 24,543,741 shares. Main shareholder is IC Green
Energy Ltd., Israel, with a stake of 69 percent, freefloat is approx. 18
percent. In the business year 2011 (Jan. 1st to Dec. 31st) Petrotec reached
sales of EUR 173 mio. and generated an EBIT of EUR 5.3 mio. and a net
profit of EUR 3.0 mio. The Company employs about 100 employees.
Press contact
Petrotec AG
Falk v. Kriegsheim
Investor Relations
Tel.: +49 1729837109
ir(at)petrotec.de
End of Corporate News
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Language: English
Company: PETROTEC AG
Fürst-zuSalm-Salm-Str. 18
46325 Borken-Burlo
Germany
Phone: +49 (0)2862 9100 19
Fax: +49 (0)2862 9100 99
E-mail: info(at)petrotec.de
Internet: www.petrotec.de
ISIN: DE000PET1111
WKN: PET111
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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186279 24.09.2012
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Datum: 24.09.2012 - 21:41 Uhr
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