EU antitrust regulators have dropped Shell, BP and Statoil from an investigation into alleged rigging of ethanol benchmarks.
The European Commission said it had, however, opened a formal investigation into the actions of Abengoa, Alcogroup and Lantmannenekfor.
It comes after EU antitrust regulators raided a number of bioethanol companies in April this year following a two-year investigation into biofuel price benchmarks.
Two years ago, the offices of BP, Shell and Statoil were also searched.
According to reports, BP, Shell and Statoil and price reporting agency Platts have been told they are not part of the investigation opened earlier this week.
A spokesman for the European Commission said: “The Commission is currently not investigating further behaviors in price benchmarks for the crude oil sector.”
A spokesman for Alcogroup said: “Alcodis and Alcogroup operate their activities in accordance with European law and therefore fully cooperate with the European Commission whilst ensuring their
fundamental rights to be respected.”
Lantmännen said it “cooperates fully with the authority” meanwhile Abengoa was not immediately available for comment.
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