Structure

The Sniace Group founded the company Green Source in May 2005 in order to focus all the investments in biofuels into one unique company. This is why Green Source took on shares in different bioethanol projects, acquiring 55% of the Torrelavega project, 30% of the Zamora project and 100% of the Poland project. Therefore the structure in Green Source can be defined in the following way:



Torrelavega
Green Source owns 55% of Sniace Biofuels, which will build a bioethanol plant in Torrelavega with a production capacity of 100,000 tonnes of bioethanol a year.

Zamora
Green Source owns 30% of EcoBarcial, which will build a plant in Barcial del Barco (Zamora) with a production capacity of 100,000 tonnes a year.

Polonia
Green Source owns 100% of Green Source Poland, which will build a plant in Kostzryn (Poland) with a production capacity of 200,000 tonnes a year.

• Photo: Green Source Office in Warsaw (Poland) .

The Sniace Group has the aim of transforming Green Source into its biofuel holding, in order to achieve this goal, it has created the following departments: General Management Department, Business Development Department, Financial Management Department, Technical Management Department and Juridical Management Department. Following the same structure for the project in Poland, Green Source has opened an office in Warsaw where two employees report directly to the Departments of Business Development and Technical Management.