Vivergo upbeat despite reporting £50m loss

DESIGN and commissioning issues at Vivergo Fuels’s £350m biorefinery has led to a loss of almost £50m for the firm.

The Vivergo plant, a joint venture between AB Sugar, BP, and DuPont, was opened last summer and will produce 420m litres of bioethanol (a renewable transport fuel which is added to petrol) a year at full capacity, equivalent to a third of the UK's current demand.

For the year ended December 2013, turnover reached £51.8m, however, the design and commissioning issues at the company’... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...