Trafigura-Owned Greenergy Plans to Close UK Biodiesel Plant

Trafigura Group-owned Greenergy has begun consultations on a proposal to halt production at one of its two UK biodiesel plants, as uncertainty about the country’s biofuels industry grows.

Despite cost-cutting efforts, the plant in Immingham, Lincolnshire “has continued to be negatively impacted by market factors, including slower increases in the UK’s biofuels blending mandates compared to European countries and competition from subsidized US-origin products,” the company said in a statement.