Monday, March 09, 2015

Falling oil prices impact biofuel production

The Financial Times comments on the Ensus biofuel factory at Teeside:


This latest shutdown is the fourth to hit the Teesside plant since it opened in 2010. The first halt to production was because of odour emission problems; subsequent shutdowns — one of which lasted 15 months — have been blamed on adverse market conditions. A remarkable feature of all the shutdowns is that the plant’s employees have been retained throughout and not laid off.


The Financial Times noted that falling oil prices were a factor in the shutdown.  However, in spite of the bad economic situation, the plant workers were not laid off.


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