J&S to expand bio-fuels production with new plants

The enterprise, which is best known for the delivery of oil to domestic refineries, wants to produce 750,000 tones of methyl ester annually and in order to do that it will construct five production facilities across Europe, including two in Poland. According to unofficial information the initial phase of the investment will cost zł.200 million and will be financed through its own funds and bank loans. "We have selected Poland for several reasons. We have a 10% share of the domestic oil sector. We have been selling bio-fuels for four months and we observe that we could be selling five to six time the current amount, so a significant portion of production will be sold on the Polish market," said Grzegorz Zambrzycki, J&S Energy president. The production of methyl ester is to be launched in mid 2007. (Puls Biznesu, p. 6) A.K.