In India, Naturol Bioenergy Limited announced yesterday the imminent launch of its 35 Mgy biodiesel plant in Kakinada, Andhra Pradesh.
In Malaysia, Mission Biofuels will launch its biodiesel plant in Kuantan, Pahang, Malaysia, in two weeks. is about to begin full production within the next two weeks after undergoing the final stages of commissioning. The plant will produce up to 18 Mgy per year of palm-oil biodiesel which will be exported to Germany under a five-year contract.
Last month, Mission Biofuels signed a three-year deal for exclusive rights to jatropha oil produced from 12,500 acres in India. Mission has been in the news of late seeking alternative sources, and also for a biofuels contract with an unnamed major oil producer that failed to close. Jatropha production has been ramping up strongly in India, and the deal by Mission is with an entire district of production.
Jatropha can produce as much as 1,000 gallons of oil per acre, which brings estimated annual production from the deal to 1.25 million gallons of jatropha oil, or enough to produce 20 million gallons of B5 blend.
In Malaysia, HSBC Bank Malaysia has agreed to provide financing for a $59 million Mission Biofuels biodiesel project in Malaysia that will include two plants in Malaysia.
The company said $9.55 milli...
In Mauritius, Mission Agro Energy will increase its stake in Mission Biofuels India to 90 percent, from 70 percent, after buying out Indian Agribusiness Systems. The company, a subsidiary of Mission B...
In Malaysia, the government has approved 91 biodiesel projects to date but only four are in operation. The high price of crude palm oil is cited as the cause for the expected capacity boom that has no...
In Malaysia, crude palm oil futures reached an all-time record as palm oil tracked the increases in crude oil prices. The Bursa Malaysia Derivatives Exchange January contract closed as $829.43 a tonne...
In India, Agriculture Minister Sharad Pawar will convene a Group of Ministers meeting aimed at making a decision on India's biodiesel policy. Observers expect that a Biodiesel Board will be establishe...
In Malaysia, a report by TransGraph projected that palm oil futures in Malaysia could fall as much as 4.7 percent by the end of October due to increased production in India. Price points were $723 per...
