Corporate | 24 August 2009 18:30
VERBIO Vereinigte BioEnergie AG / AGM/EGM
Announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Leipzig/Zörbig; August 24, 2008 - In today's general annual meeting of
VERBIO Vereinigte BioEnergie AG, Claus Sauter, the CEO of the company
announced in his speech that VERBIO will start to produce biomethane end of
this year respective beginning of 2010 both in Zörbig and in Schwedt/Oder
'In the first stage of implementation our facilities will have a size of 30
Mega¬Watt each, generating about 480 GigaWatt per hour annually. The first
feed-in of biomethane into a natural gas distribution system will occur in
the 3rd quarter of 2010. Mid term it is scheduled to increase the output
capacity to 125 MegaWatt', said Claus Sauter.
So VERBIO has achieved its strategic target to realise the whole value
chain of a fuel producer under optimal energy-efficiency criteria. And this
relates to the production plants as well as to the total balance of the
products. VERBIO is already today very well positioned to meet the
anticipated requirements of the CO2 reduction criteria of the European
Union.
About 80 shareholders attended today's General Annual Meeting at the
Radisson Blue in Leipzig. 75.29 percent of the shareholders' voting rights
were represented at the Annual Meeting. The shareholder agreed to all items
of the agenda with vast majority.
Information on VERBIO Vereinigte BioEnergie AG
The VERBIO Group is one of the leading producers and suppliers of biofuels
and also the only industrial-scale producer of biodiesel and bioethanol in
Europe. Nominal capacity currently amounts to around 450,000 tons of
biodiesel and 300,000 tons of bioethanol per year. The company has
developed its own processes and innovative technologies for the production
of biodiesel and bioethanol. It supplies its products directly to European
mineral oil corporations, mineral oil traders, independent gas stations and
haulage companies. VERBIO AG also markets high-quality pharmaglycerin for
the consumer goods and cosmetic industries (glycerine is a by-product of
biodiesel production). Within the Group, VERBIO AG acts as the management
holding company. The Group's operating business is run by its subsidiaries:
VERBIO Diesel Bitterfeld GmbH & Co. KG, VERBIO Diesel Schwedt GmbH & Co.
KG, VERBIO Ethanol Zörbig GmbH & Co. KG, and VERBIO Ethanol Schwedt GmbH &
Co. KG.
Contact:
VERBIO Vereinigte BioEnergie AG
Augustusplatz 9
04109 Leipzig
Anna-Maria Schneider
Investor Relations
Tel: +49(0)341/30853094
Fax: +49(0)341/30853098
E-Mail: ir@verbio.de
Sandra Haacker
Public Relations
Tel: +49(0)341/30853063
Fax: +49(0)341/30853099
E-Mail: pr@verbio.de
24.08.2009 Financial News transmitted by DGAP
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Language: English
Issuer: VERBIO Vereinigte BioEnergie AG
Augustusplatz 9
04109 Leipzig
Deutschland
Phone: +49 (0)341 30 85 30 90
Fax: +49 (0)341 30 85 30 98
E-mail: ir@verbio.de
Internet: www.verbio.de
ISIN: DE000A0JL9W6
WKN: A0JL9W
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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