Green Fuel of Spain unveiled plans to build a 50 million euro plant to produce biodiesel and bioethanol in the Pleven region, member of the Green Fuel Corporacion Bulgaria AD Antonio Alvear was quoted by local media as saying.

Construction of the facility is due to begin in February next year. The company has already picked  a site, in the village of Riben, on the Danube. Green Fuel preferred this location for logistics purposes to ensure quick transportation of input materials from neighbouring Romania.

The second site for the facility will be selected within a month, which will house the remainder of the production and maintenance facilities.
Green Fuel's factories will have an annual output of 110 000 tonnes of biodiesel and 60 million tonnes of bioethanol. Once reaching full capacity, the plants will produce half of Bulgaria's total biodiesel output, Alvear was quoted as saying.

To operate at full capacity, the facilities will need 250 000 tonnes of oil crops for biodiesel production and 100 000 tonnes of grain for bioethanol production.