COOKIES
We use cookies to enhance user experience and ensure optimised site functionality. We inform you that the use of Essential Cookies is auto-performed according to our Cookie Policy. You can adjust other cookie settings to your preference by selecting "Cookie Settings".
×Cookies Settings
OK
COOKIES SETTINGS
ESSENTIAL
The essential cookies are absolutely necessary for the proper functioning of the site. They allow you to browse and use its features. They are automatically installed when you visit the website.
Always On •
STATISTICS (GOOGLE ANALYTICS)
Statistics cookies help us, as website owners understand how visitors interact with site pages by collecting information in Google Analytics.
Suggested •
MARKETING
These cookies are used to track site users' preferences. Their use relates to the promotion of relevant advertisement.
ACCEPT SELECTED

PRESS RELEASES

Stake in BIODIESEL S.A.
31.07.2006
HELLENIC PETROLEUM S.A. announced today to the Athens Stock Exchange an agreement whereby the company will take a 25% stake in BIODIESEL S.A., which is to build a biodiesel plant in Greece. The plant will have an annual capacity of 100,000 tonnes, and will meet the needs of the Greek market, while also exporting to other countries.
VIOHALCO S.A., HELLENIC FABRICS S.A. and PRIMA HOLDINGS S.A. will each, like HELLENIC PETROLEUM S.A., have a 25% stake in BIODIESEL S.A.
The plant will be built on the site of the VIOHALCO Group’s SOVEL plant at Almiro in Magnisia.
The 20-million-euro investment involves the creation of a vegetable oils refinery with a capacity of 300 tonnes a day, a glycerine distillation plant, a biodiesel transesterification plant and ancillary installations (steam generators, biological treatment, etc).
With its participation in this project, HELLENIC PETROLEUM is showing practical support for sustainable development in the framework of its environmental policy.
In addition, the company’s management noted that the agreement is part of the Group’s development plan to increase the proportion of renewable energy sources in its energy balance.