Mission New Energy announces first annual profit as jatropha unit soars

In Australia, Mission NewEnergy, formerly Mission Biofuels, announced its first annual profit of $2.3 million on total sales of $24.1 million, primarily on sales from its 180,000 acres of jatropha trees. The company said that it plans to expand plantation to 750,000 acres by June 2009. The feedstock division accounted for 54 percent of sales, with the remainder coming primarily from biodiesel refining.

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