Bunge announces European biodiesel joint venture

By | December 01, 2005
Bunge Ltd. has announced that its European subsidiary and Diester Industrie have been granted approval from the European Commission to create a joint venture specializing in the production and marketing of biodiesel. This new company will be called Diester Industrie International (DII). DII will combine Bunge and Diester Industrie's biodiesel assets in Europe with an expected capacity of 430,000 tons. "The creation of this joint venture is a step ahead to better meet the growing need for biofuels in Europe," said Jean-Louis Gourbin, CEO of Bunge Europe.
 
 
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