Dissemination of an Ad hoc announcement according to 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
Graz-Grambach, 6th December 2010. - JSC Mogilevkhimvolokno Organic Synthesis Factory from Mogilev in Belarus has placed an order to build a biodiesel plant with BDI - BioEnergy International AG, which is based in Graz-Grambach. The value of the order is just under EUR 10 million. The biodiesel plant will have an annual capacity of 50,000 tonnes of biodiesel that exceeds the specifications of the European biodiesel standard EN14214 by a long way. Daily biodiesel production at the plant in Mogilev, a city on the Eastern border to Russia with 370,000 inhabitants, will amount to 6 tanker lorries containing 28,000 litres each. Rapeseed oil is the raw material that will be used to produce the biodiesel. The government is guaranteeing the land for growing the raw materials required for the plant, which means that exclusive use will be made of national resources. The commission for BDI includes all the engineering services, the supply of specific technical equipment needed to carry out the process, co-ordination of the construction work and the start-up of the entire plant.
The customer JSC Mogilevkhimvolokno Organic Synthesis Factory is one of the biggest chemical products manufacturers in Europe with an investment volume of more than USD 180 million per year. The parent company is the state-owned Belarus oil and chemicals group Belneftekhim Concern. The company headed by Sergi M. Puzevich as Managing Director specialises, for example, in the production of thermoplastics - which are in widespread use in the packaging industry - and basic materials required when manufacturing polyesters.
Information and Explaination of the Issuer to this News:
Wilhelm Hammer, CEO of BDI - BioEnergy International AG: 'The commission from Belarus is highly significant. The development of alternative energies from renewable sources is a global trend that cannot be stopped.' By taking this decision, Belarus is joining the Baltic States in demonstrating the immense efforts that are being taken to become more independent in the energy supply field and to switch to a larger extent to alternative energy generated with raw materials that are available locally.
The government is guaranteeing the land for growing the raw materials required for the plant, which means that exclusive use will be made of national resources. 'Implementation of the government's specification that biodiesel must be added to diesel fuel can be guaranteed in this way. Speculation with agricultural raw materials, which is the main price driver, will be curbed as a result', says BDI CEO Wilhelm Hammer, who draws particular attention to the importance to the country and its inhabitants: agricultural incomes will be guaranteed as a result too'. In view of how complex the world will be in future, he also stresses the huge potential of the BDI biodiesel plants: 'Together with other alternative energies, biofuels are a significant way to help in achievement of the necessary reduction in dependence on crude oil. The big challenge in future will be to distribute agricultural raw materials justly and not to let them become the domain of speculators or large corporate groups.'
The customer JSC Mogilevkhimvolokno Organic Synthesis Factory is one of the biggest chemical products manufacturers in Europe. 'This commission is convincing proof of the fact that there has already been a process of rethinking in favour of sustainability and resource minimisation in a sensitive area of business like this one. By taking this decision to use alternative energies, the company is playing a pioneering role, particularly in view of the fact that materials like polyester are essential features of everyday life nowadays', says BDI CEO Wilhelm Hammer.
Subsequent expansion of the plant from a single-feedstock configuration to a multi-feedstock configuration, which enables other raw materials like used cooking oil or animal fat to be processed and which the market and technology leader BDI can supply as part of its extensive product range, is a subject that was already discussed when the contract was being signed.
BDI is opting for an enzymatic degumming process instead of a chemical process in this project. The gum that rapeseed contains and that has to be removed in the course of processing into biodiesel can be eliminated in a particularly environmentally sound but at the same time extremely economic way with the help of this process. Further successful progress made by BDI in the promotion of even greater sustainability.
About BDI - BioEnergy International AG
BDI - BioEnergy International AG is market and technology leader in the construction of customised BioDiesel plants using the Multi-Feedstock process the company has developed itself, which can manufacture BioDiesel from different raw materials, such as Vegetable Oils, Used Cooking Oils and Animal Fats. BDI has specialised in the development of technologies that make optimum use of resources in the industrial processing of by- and waste products ever since it was established in 1996 and owns an extensive patent portfolio that has resulted from its in-house research and development activities. As a leading constructor of special plants, BDI also supplies efficient plant concepts in the 'Waste to BioFuels' field that are designed to obtain high-quality Omega-3 Fatty Acids and to produce BioGas from industrial and municipal waste in co-operation and synergy with the Enbasys GmbH, being part of the BDI group. The range of services includes public authority, basic and detailed engineering, installation and start-up as well as after-sales support. BDI - BioEnergy International AG and the companies it consolidates currently have more than 130 employees. The shares in BDI - BioEnergy International AG (ISIN AT0000A02177) are listed in the Prime Standard/Regulated Market at Frankfurt Stock Exchange.
Contact for further information: Corporate Communications & Marketing
BDI - BioEnergy International AG Parkring 18 A-8074 Grambach/Graz, Austria Tel: +43 / 316 / 4009 - 100 Fax: +43 / 316 / 4009 - 110 www.bdi-bioenergy.com firstname.lastname@example.org
06.12.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English Company: BDI - BioEnergy International AG
Osterreich Phone: +43 - 316 - 4009-100 Fax: +43 - 316 - 4009-110 E-mail: email@example.com Internet: www.bdi-bioenergy.com ISIN: AT0000A02177 WKN: A0LAXT Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Dusseldorf, Munchen, Stuttgart