Now that concerns about a possible cartel have been discarded, the EU has authorised an ethanol plant that BP and AGF (Associated British Food) planned to build in the north of England.
Since BP is an oil company and AGF is dedicated to food, some voices raised against possible concerns in manipulating the market, affecting prices and free market concurrence. The resulting alliance between the two does not reach a significant percentage (less than 25 percent) of the market, so the EU gave its green light to the project.

The plant will start producing ethanol to be mixed with gasoline in 2010.

[Source: Europa Press]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X