Dubai Group invests $49.5 million in owner of 200,000 tonne Malaysian biodiesel behemoth

In Malaysia, Dubai Group invested $49.5 million for a 30% stake in GBD Investment. GBD has started production at a 200,000 metric ton biodiesel plant at Lahad Datu in the Malaysian state of Sabah.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Acciona to open 200,000 tonne biodiesel plant in Spain

In Spain, Acciona announced that it will commence production in July at a new 200,000 tonne biodiesel plant at Zierbena, of which 20 percent will be owned by Bunge. Repsol is expected to sign an offta...

Brazil’s Odebrecht, DP World acquire majority stake in proposed Santos ethanol port

In Brazil, DP World and Brazil's Odebrecht announced that they will acquire a majority stake in the Embraport port project in Santos, that is intended as a major terminal for ethanol exports.  The gr...

Malaysian crude palm oil reaches record $956 per tonne; crude oil surpasses $100 per barrel

Malaysian crude palm oil rose to an all-time high of $956 per tonne, tracking rises in oil and soybean prices. Oil reached a record $100 per barrel today....

Malaysian palm oil prices remain high, biodiesel investments on hold

The Malaysian government has delayed implementation of the Malaysian Biofuel Industry Act, better known as EnvoDiesel, due to high palm oil prices that make biodiesel production less profitable. Malay...

Malaysian biodiesel output up 50 percent as crude palm price drops

In Malaysia, biodiesel production is expected to increase to 143,000 tonnes this year, up 50 percent over 2007 as falling crude palm oil prices revive Southeast Asian production. Exports for the first...

Malaysian biodiesel industry rebounds as crude palm oil prices tumble 35 percent; 15 percent drop forecast for 2009

In Malaysia, Aseambankers is forecasting the average crude palm oil price for FY08 and FY09 at $889 and $741 per tonne respectively, which should generate substantial increased activity in biodiesel p...