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From Ulrich Wolf
Dresden. The environmental company Biofabrik White Refinery GmbH in Dresden is provisionally insolvent. The Dresden district court announced on Tuesday that the Dresden lawyer Jörg Dauernheim is now in charge of the company's assets for the time being. However, an appeal against the order was lodged immediately.
In 2021, the company already reported a deficit of 1.27 million euros not covered by equity. The losses amounted to 3.3 million euros - despite an annual profit of almost two million euros. More recent financial statements have not yet been published. At the time, managing director Oliver Riedel put the liabilities at 13.3 million euros. The 48-year-old from Dresden is also the sole shareholder of the now provisionally insolvent company via three intermediate companies.
Several companies, several locations
The Biofabrik Group, based in the Dresden district of Rossendorf, currently has a total of 15 companies. It is unclear to what extent the insolvency could spread to other subsidiaries.
The group of companies has existed since 2011. 35 employees in Dresden alone are researching new recycling methods, particularly for plastics, used oil and hospital waste. A test facility called the "Rocket Science Center" is located in Bernsdorf near Hoyerswerda. A biorefinery in Blizevedly near Prague is in continuous operation. The company also has a "Sales Finca" in Palma, Spain, as well as plants in Australia and the UK.
According to earlier statements, company boss Riedel "revolutionary technologies for critical environmental problems" develop.
File number: 532 IN 741/24 at the AG Dresden
