McDonald's Cooking Fat Fuel

Posted by Daniel Workman Oct 15, 2006

According to Bloomberg News, Petrotec plans to open new biodiesel processing plant in the U.S. and the U.K.

American president George Bush is looking for this type of renewable energy which would free the U.S. from its dependence on Middle East oil. By 2010, the European Union plans for biofuels to account for 5.75% of car fuel for its 25-member countries.

Petrotec AG plans to sell shares in an initial public offering. This will finance the new processing plants outside Germany. Ronald McDonald's company will provide used cooking fat as raw materials for the biodiesel fuel.