Biodiesel equipment market collapses, damage ahead
The biodiesel equipment market in Europe seems to be collapsing as prospects remain silent, projects are on hold and existing biodiesel plants stopped working, various sources report, due to high oil prices and difficult supplies. At least one high profile company (as seen on CNN) from The Netherlands has run into trouble by not being able to cope with the resulting negative cash flow. And as initial payments of last year’s projects went to luxury cars and spinoff algae projects rather than to the projects themselves, the company is reportedly unable to fulfill its obligations. Private homes of the company’s directors and shareholders have been seized pending further legal action.
Various other equipment and plant manufacturers confirm business stagnation in Europe, but are able to maintain their positions with the business shifting to Africa and Latin America.
