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EDF Trading acquires a controlling stake in an Austrian biodiesel plant


EDF Trading, a wholly-owned subsidiary of EDF S.A., has acquired a controlling stake in a 60 KT biodiesel plant in central Austria. The acquisition was made through Clean Fuels Holding, a joint venture with Christof International Management (CIM). The remaining minority stake of Clean Fuels Holding is taken by a consortium, represented by CIM, member of the Christof Group, a vertically integrated industrial and technologies corporation.

The plant is designed to utilise 100% of used cooking oil or other waste animal fat as a feedstock. This type of biodiesel generates a higher contribution towards the renewable obligations of refiners in a number of countries (UK, Netherlands, France and Germany) as compared to biodiesel from vegetable oil.

“Through this acquisition we are able to kick-start our activity in the European biodiesel market. EDF Trading has a strong presence in the carbon, biomass and green power markets and with this acquisition, we will now have full coverage of the traded environmental markets”, said François Joubert, Global Head of Environmental Products.

“This is a good example of our asset-backed business model which requires us to have the right foundation in place before we begin to develop our presence in a new market”, said John Rittenhouse, Chief Executive at EDF Trading.

The acquisition was closed on 29th March 2012.

The financial details of this transaction are not being disclosed.


For further information, please contact:
EDF Trading
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
Email: michele.reid@edftrading.com

About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. It has its own portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.

EDF Trading is one of the largest participants in the global power, gas, coal, freight and environmental products markets. It is one of the top buyers of carbon credits from global CDM projects and has one of the most mature portfolios in the market. It is the largest importer of coal into Europe, a pioneer in the biomass market, a recognised leader in weather derivatives, one of the largest providers of market services to the wholesale gas and power sectors in North America with 20,000 MW of generation under management and the leading electricity trader in Europe.

EDF Trading is a 100% owned subsidiary of EDF, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry.

For more information on EDF Trading, please visit www.edftrading.com.