Danish producer of biodiesel receives entrepreneurship award  

2006.11.09
Emmelev, a Danish producer of biodiesel, has been judged Entrepreneur of the Year on Funen, by Ernst & Young in its annual competition for growth companies
Emmelev, a Danish producer of biodiesel, has been judged Entrepreneur of the Year on Funen, by Ernst & Young in its annual competition for growth companies. Emmelev was founded in 1838 and was a traditional corn and feedstuffs producer until the 1990s. Because of overcapacity in the industry at that time, Emmelev began pioneering activities in vegetable oil production.
 
Børge Danielsen, member of the judging panel and director of OBH Group, comments: "Emmelev has shown good entrepreneurship by not reacting in conventional ways when circumstances change. We took due note of their focus on a new product even though the entire production has to be sold abroad."
 
In 2005, Emmelev increased revenues by 58% to more than DKK 600 m (USD 102 m), largely generated from sales of biodiesel. The company makes raw oil from rape seed, and the oil is chemically transformed into biodiesel and glycerine. In 2005, Emmelev produced about 100 million litres of biodiesel, most of which was exported to Germany. The news was reported by financial daily newspaper Børsen.

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