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Lubrizol site goes biodiesel

September 25, 2006 | A version of this story appeared in Volume 84, Issue 39

Lubrizol has agreed to sell its additives and monomers facility in Bromborough on Merseyside, England, to British biodiesel producer D1 Oils for about $5.7 million. Lubrizol was planning to close the site this year and take a $15 million charge. Now the company says it can save as much as $5 million in restructuring costs. D1 plans to invest about $15 million at the site to convert it to biodiesel production. In a similar move, Eastman Chemical agreed in July to sell its Batesville, Ark., specialty chemicals and biodiesel plant to biofuels start-up Viceroy Acquisition.

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