Start-Up Costs Plunge Green Firm Into Red

Summary


THE company running one of Europe's largest green fuels plants lost more than 72.9m last year - but still hopes to build another plant.

The Biofuels Corporation, based in Billingham, Teesside, reported an underlying loss of 10.5m, but said exceptional costs during the year meant its total losses rose to 72.9m.

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Extract


Start-Up Costs Plunge Green Firm Into Red

The company's debt stands at 80m and the group has still not achieved full production ...

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