Statoil reports increase in sales following launch of bioethanol product  

2006.08.04
Statoil has increased its share of the petrol market in Denmark following the launch of its new bioethanol product Bio95

Statoil has increased its share of the petrol market in Denmark following the launch of its new bioethanol product Bio95 two months ago. Statoil is the first company in Denmark to launch petrol supplemented with bioethanol. Bio95, which contains 5% bioethanol, is now available at 181 petrol stations throughout the country. Statoil plans to introduce its new product at the remaining 125 petrol stations.

Maria Junghans, communication coordinator of Statoil comments: "Sales of biopetrol have clearly exceeded our expectations, and we can see that at those petrol stations where you can buy biopetrol, we sell more than at those where you can't buy it." Statoil has also gained more loyal customers, says Junghans.

As previously reported on this website, Statoil in Denmark has plans to establish a bioethanol plant at Statoil's location in Kalundborg where it operates a refinery. Early this summer, regional politicians gave Statoil the green light to continue with its plans, and the company has requested rapid processing of a public sector authority report on the plant's impact on the environment which needs to be done before Statoil can take a decision on building the DKK 600 - 800 m (USD 102 - 136 m) plant.

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