PETROTEC AG / Change of Personnel/Change of Personnel
05.11.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc disclosure
Rainer Laufs new Chairman and Dr. Rau new Deputy Chairman of the Petrotec
AG Supervisory Board
Borken, November 5, 2008 Rainer Laufs is new Chairman of the Petrotec AG
Supervisory Board. The Petrotec AG Management Board was informed that the
Supervisory Board has, following the resignation of its former Chairman Dr.
Bernd Malmström, elected the former Deputy Chairman Rainer Laufs its new
Chairman with effect from November 4, 2008. Dr. Bernd Malmström has
resigned from the office of Chairman and member of the Petrotec AG
Supervisory Board with effect from November 4, 2008. Dr. Günther Rau was
elected new Deputy Chairman of the Supervisory Board, having formerly been
a simple member of the Supervisory Board.
Departing from the original declaration issued on August 31, 2008 on the
occasion of the announced acquisition of the stake in Petrotec AG held by
Petrotec S.à r.l. by IC Green Energy Ltd. Dr. Bernd Malmström resigned as
Chairman and member of the Petrotec AG Supervisory Board before the
assignment of the Petrotec AG shares held by Petrotec S.à r.l. to IC Green
Energy Ltd.
Disclaimer
This press information constitutes neither an offer to buy or to sell
shares or other securities issued by Petrotec AG, nor a solicitation of
offers to buy or subscribe to securities. The shares offered during the IPO
have already been placed.
About PETROTEC
Since November 2006, Petrotec AG has been listed in the Prime Standard
segment of the Frankfurt Stock Exchange under WKN PET111, ISIN
DE000PET1111. Petrotec is one of the pioneers of the German biodiesel
industry. The company started as early as 1998 with the development of a
process to produce biodiesel from used frying and deep-frying oil.
Petrotecs first industrial biodiesel production plant went turn-key in
2000. Petrotecs proprietary technology is capable of transforming virgin
vegetable oils such as rapeseed, soybean or palm oil as well as
hard-to-process oils and fats such as used cooking oils, animal fats and
oils or fish oil in a single fully continuous process into biodiesel and,
thus, is truly a multi-feedstock technology. The annual capacity of the
plant in Borken (Westphalia), Germany, is 85,000 t biodiesel. In the first
half of 2008 a second production has commenced operations in the deep-sea
port of Emden with an annual capacity of 100,000 t. Unlike many of its
competitors, Petrotec in its ongoing operations has for years now primarily
produced biodiesel from used cooking oils in a fully continuous process.
Treated used cooking oils as feedstock for biodiesel production is cheaper
to procure than the rapeseed oil predominantly used by
Petrotec's rivals in Europe. This enhances Petrotec's cost-competitiveness
over other manufacturers of biodiesel, as 70-90 percent of biodiesel
production costs relate to raw materials.
For further information, please contact
Petrotec AG
Falk von Kriegsheim
Head of Investor Relations / Public Relations
Fürst-zu-Salm-Salm Strasse 18
46325 Borken
Germany
Tel +49 (0)2862 910060
Fax +49 (0)2862 9100760
Mobil +49 (0)173 6291344
f.kriegsheim@petrotec.de
www.petrotec.de
End of document
DGAP 05.11.2008
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Language: English
Issuer: PETROTEC AG
Fürst-zu- Salm-Salm-Str. 18
46325 Borken-Burlo
Deutschland
Phone: +49 (0)2862 9100 19
Fax: +49 (0)2862 9100 99
E-mail: info@petrotec.de
Internet: www.petrotec.de
ISIN: DE000PET1111
WKN: PET111
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: PETROTEC AG: Rainer Laufs new Chairman of Supervisory Board
| Source: EQS Group AG