Mossi Ghisolfi looking to sell off Beta Renewables

In Italy, Mossi Ghisolfi is in discussions with some private equity and industrial players who have expressed interest in buying Beta Renewables after the parent company suffered significant losses and a 90% drop in operating profit.

Big cost overruns at the parent company’s PET plant in Corpus Christi, Texas in addition to the sudden loss of the company’s managing director in 2015 has left the situation seriously weakened, prompting the decision to look to offload the biofuels company.