Following a financial assessment of the plant as part of the annual impairment testing in accordance with International Financial Reporting Standards, Clariant is to take an impairment of about CHF 225 million to the current asset value of its recently opened Sunliquid plant in Podari, Romania.

The EU-funded Urbiofin project has stated that it is ready to demonstrate innovative processes in bioethanol production from the organic fraction of municipal solid waste and its use in chemical building blocks, proving the techno-economic and environmental viability of an integrated biorefinery.