The business and assets of HVO supplier Green Biofuels have been acquired by energy firm Certas after it collapsed into administration.
The administrator, Ernst & Young (E&Y), added that the purchase also saved 28 jobs. The UK’s largest supplier of HVO fuel entered administration after investor BP Oil enforced its security and appointed E&Y following meetings at the end of
September to discuss providing additional funding worth £2m. The oil giant had taken a 30% stake in Green Biofuels in February 2022.
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