BIOPETROL INDUSTRIES AG
BIOPETROL INDUSTRIES AG: Board Changes
BIOPETROL INDUSTRIES AG / Change of Personnel/Change of Personnel 05.03.2010 12:21 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BIOPETROL: Board Changes Zug, 5 March 2010: BIOPETROL is pleased to announce the appointment of three new Board members, Ernest Mostert (Chairman of the Board), Steven Kalmin (Vice-Chairman) and Han Smits. This follows the completion of Glencore's acquisition of BIOPETROL on 23 February 2010. They replace Dr. Peter Hess and Holger Künzel who have retired from the Board. Former Chairman, Werner Klink, will remain a member of the Board. About the company: With its German, Dutch and Swiss subsidiaries, BIOPETROL INDUSTRIES AG, which has its head office in Zug (Switzerland), produces and sells biodiesel and pharmaceutical-grade glycerine of the highest quality. Among our customers are the oil industry and oil traders, large-scale fleet operators, public short-distance transport, as well as the agricultural and construction industries. The pharmaceuticals and cosmetics industries are in addition supplied with glycerine of pharmaceutical quality. At the present date, BIOPETROL INDUSTRIES AG has annual productive capacities in Schwarzheide and Rostock of around 350,000 tonnes of biodiesel and 30,000 tonnes of pharmaceutical-grade glycerine. In Rotterdam, BIOPETROL is building an installation with an annual productive capacity of 400,000 tonnes of biodiesel and 60,000 tonnes of glycerine. Annual capacity should then be more than doubled to a total of 750,000 tonnes of biodiesel. Further expansion of capacity in Rotterdam is planned. We are working actively on extending our product range, based on the coproduct glycerine. About Glencore: The Glencore Group of Companies ('Glencore') is one of the world's largest suppliers of commodities and raw materials to industrial consumers. Customers around the world, in industries such as automotive, power generation, steel production and food processing, rely upon Glencore's established global network of operations as a source of Metals and Minerals, Crude Oil and Oil Products, Cl and Agricultural Products. These commodities originate either from Glencore's owned production assets, are secured from third parties, or benefit from the refining, processing or marketing expertise of Glencore. The Group also provides financing, logistics and other supply chain services to producers and consumers of commodities. Glencore, founded in 1974, is a privately held Group owned by its management and employees. Headquartered in Baar, Switzerland, Glencore employs over 2,000 people in its global marketing operations in some 50 offices in over 40 countries. In its industrial operations, Glencore employs over 50,000 people at 15 plants in 13 countries. Additionally, Glencore has interests in various publicly listed companies including 34.5% in Xstrata, 44% economic (39% voting) in Century Aluminum, 70.6% in Minaral Resources, 72.2% in Katanga Mining and 32.2% in Recylex. Disclaimer This press release represents neither an offer for sale nor a request for the submission of an offer to purchase or subscribe to securities. This announcement and the information contained therein are not intended to be directly or indirectly passed on to or within the United States of America, Canada, Australia or Japan. Contact Public Relations Andrea Beyer Telephone +49 (0) 211 15 77 96 10 Mail: andrea.beyer@biopetrol-ind.com Contact Investor Relations Gerd Rückel Telephone +49 (0) 69 577 0 300 31 Mail: gerd.rueckel@biopetrol-ind.com 05.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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