German Petrotec AG collects used cooking fat from restaurants which is processed into biodiesel fuel in Petrotec's factory in Borken, Germany.
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.
