At the beginning of October, UK future fuels company, Green Biofuels Ltd announced that it has gone into administration. This news come only 20 months after BP took a 30% stake in the company.
Three partners from Ernst & Young LLP have been appointed administrators of HVO supplier Green Biofuels, effective 02 October 2023,
In a statement reported by Freight Carbon Zero, a GBF, spokesperson says: ‘Green Biofuels Ltd is open for business as usual, as is our Irish subsidiary. We continue to trade with our conscientious partners and meet the high demand for our advanced Gd+HVO, a fossil free alternative to dirty diesel. As an organisation with a nine-year track record of strong growth, we expect the future will be bright for many more years to come. Our planet has an immediate need for low-carbon, low-cost fuels and GBF’s advanced HVO products offer a ready solution.’
The company’s customers can visit EY online for more information.
