Buy custom European Biofuels Market
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Not all were convinced though. "If the company finally closes the facility [at Bromborough] it would be a big blow to the hopes of the bio-diesel industry in the UK and, indeed, the EU, as well as costing D1 in terms of reputation and cash," said analysts at the brokers Ambrian
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Admitting that some 35 jobs could be lost as a result of the cheap imports, Elliott Mannis, chief executive, said: "The simple fact is that you can buy the subsidised American imported material cheaper than you can buy virgin oil for processing."
Shares in D1 Oils closed 36p lower at 62p today after the company told the stockmarket of its plans to begin consultations with employees at its Middlesbrough and Bromborough, Merseyside, sites about job losses...
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