BDI-designed Croatian biodiesel plant may get EIB investment
October 28, 2015
BY Ron Kotrba
The European Investment Bank is considering investing 38 million euros ($42 million) in Biom d.o.o.’s 100,000-ton (30 Mmgy) multifeedstock biodiesel plant in Croatia, to be built by Austria-based BDI-BioEnergy International AG. The EIB says the total cost of the project is 50 million euros.
In 2013, Biom signed a contract with BDI-BioEnergy International worth more than 20 million euros to build what would be Croatia’s first multifeedstock biodiesel plant, using animal fats and used cooking oil as feedstock.
In its 2014 year-end financial statements, BDI-BioEnergy International noted the Croatian project was delayed due to difficulties in gaining project financing and regulatory approval, which impacted BDI-BioEnergy International’s bottom line. The EIB says an environmental impact assessment was prepared in 2013 and the project received its main environmental permits.
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