AGRO Biotechnology to build a 68 Mgy biodiesel in Malaysia
In Malaysia, AGRO Biotechnology Technovation announced that it is building a 68 Mgy biodiesel plant, at a project cost of $281 million. The plant will open in March 2010. The company said that it expects to sign a $2.5 billion off-take agreement with Habib Oil of Uganda, associated with Tamoil East Africa, the Libyan state oil company.
Mission Agro Energy increase stake in Mission Biofuels India to 90 percentIn 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...
Mission Biofuels secures financing for two Malaysia projects from HSBCIn 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...
New Century Fermentation Research to build sago palm ethanol plant in Malaysia; projects yield of 1700 gallons per acreIn Japan, New Century Fermentation Research will build a small pilot plant in Malaysia that uses sago palm as an ethanol feedstock. The company says that it can produce up to 1700 gallons per acre fro...
More government investment needed in industrial biotechnology to boost biofuel, pharma industries: report to US SenateThe US International Trade Commission said that U.S. and foreign government support for the development and adoption of industrial biotechnology would remove barriers to growth for the biofuel and pha...
Malaysia issues 91 biodiesel producing licenses; brings planned capacity to 2.78 billion gallons per yearIn Malaysia, the national government announced that it has issued 91 licenses for biodiesel production with a combined capacity of 2.78 billion gallons per year. The country currently has 450 Mgy in c...
China-Agro Technology secures $300 million in expansion financing for jatropha strategyIn China, China Agro-Technology announced that it has secured $300 million in financing for biodiesel acquisitions and operations. The company is focused on building capacity to process jatropha oil t...
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