EOP Biodiesel AG enlarges Board of Management

Growing business and positive market development
(PresseBox) (Pritzwalk, Germany, ) The supervisory board of EOP Biodiesel AG, Pritzwalk, appointed Bengt Korupp (36) for the board of management as of 1 January 2008. He will be responsible for purchase and distribution. Mr. Korupp has been with EOP AG since its foundation and is responsible for these areas since 2005. "With the appointment of Mr. Korupp we pay tribute to the growing sales volume and the solid domestic demand", says Klaus-Maerten Hinrichs, chairman of the supervisory board. Due to the market development in Germany, EOP Biodiesel AG is mainly focused on the blending market (B5 market) and supplies a number of companies in the mineral oil industry.

For the calendar year 2008, EOP has already sold 85% of the production capacity to the mineral industry for blending. The export business is supposed to gain importance over time. "On the purchasing side, due to constantly high raw material prices, we have to include the East European rape- and rape oil producers to achieve attractive average purchase prices. This will play an important part in how the performance situation of EOP Biodiesel AG will develop," says CFO, Prof. Dr. Karl-Wilhelm Giersberg. The semi-annual report for the first half of the 2007/08 financial year (until 31 December 2007) will be published on 31 March 2008.

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EOP Biodiesel AG
Am Hünengrab 09
D-16928 Pritzwalk
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