LONDON, February 4, 2014 /PRNewswire/ --
Ennovor Group, a global sustainable biofuels company, is pleased to announce that it has signed a rolling tolling contract with one of Spain's largest biodiesel refiners.
An innovator of feedstock procurement, supply chain development and sustainability assurance, Ennovor plans similar tolling agreements with a number of specialist biodiesel refineries at strategic locations across Europe.
David Frohnsdorff, CEO of Ennovor welcomes the tolling partnership with the Spanish refiner saying that the move is pushing Ennovor closer to its aim of steadily increasing its refining capacity. The move marks the start of an ongoing and successful relationship and brings further progressive developments to the biodiesel industry."
Focused on converting waste oils into sustainable biodiesel, Ennovor is becoming well placed to assist member states in meeting EU renewable energy targets. Waste oils and residues, as a result of their significantly higher GHG savings compared with traditional vegetable oil feedstocks, are becoming an increasingly important component in the European biodiesel mix.
About Ennovor Group
Ennovor Group is a sustainable fuels company and is part of the Black Pearl Capital Group. Our existing portfolio includes
a vertically integrated biofuels company, which has full control of its supply chain through to its biodiesel production.
Established in 2010, we are rapidly becoming one of Europe's leading biofuels producers. Our current production capacity exceeds 100,000MT annually, making us one of the largest biofuel processors in the UK. Our target is to become one of the largest sustainable biodiesel producers globally, and we are committed to increasing our global capacity to 400,000MT by mid-2015. Find out more at http://www.ennovorgroup.com.
About Black Pearl Capital Partners
Black Pearl Capital Partners is a private equity fund created and managed by Black Pearl Capital (BPC). BPC is an asset management firm registered in the Cayman Islands, with headquarters in Switzerland and offices throughout Europe and the Middle East. For more information, visit http://www.blackpearlcap.com
Roshni Durve, Director
12-14 Wilfred Street
London, SW1E 6PL
SOURCE Ennovor Group