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Rhodia enters into biogas market

By Gerald Ondrey |

Rhodia (Paris; www.rhodia.com) today announces its first business development investment in biogas technology, by acquiring Econcern Group’s participation in six pilot biogas production projects located in China and Vietnam. Anticipating the growth of business opportunities in the biogas sector, Rhodia relies on these early projects to enhance its operational skills and industrial know-how in the renewable energy sector. It also reinforces the Group’s commitment to develop greenhouse gas emission reduction technologies. Philippe Rosier, President of Rhodia Energy Services, comments: “We are committed to developing sustainable chemical and energy solutions using non fossil natural resources. This new expertise is at the crossroads of our activities of chemist and our activities in the energy and carbon markets”. The effective completion of the transaction is subject to certain closing conditions, including approval by the relevant antitrust authorities. It is expected to be finalized in the fourth quarter of 2009.
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