The firm has been researching the proper terrain for the construction. The company insists that the plant should be located near a port and is considering the region of Varna, company representatives said, as quoted by investor.bg.
The production facility will produce bio-diesel and bio-ethanol. The company is expected to apply for a first-class investment certificate. Bulgaria could become a main producer of bio-fuels on the Balkan region, the company's managing director Claus Sauter said.
Verbio has several bio-diesel and bio-ethanol plants in Germany. Their total capacity exceeds 700 000 tons a year, or 2.1 litres a day. Of this, 400 000 tons is bio-diesel and 300 000 tons is bio-ethanol.
The firm currently uses rapeseed and rapeseed oil as raw materials, and is expected to introduce palm oil to its production line by the end of 2007.
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