Mission Signs Biodiesel Contract with Global Oil Major
18 Agosto 2011 - 10:01AM
Business Wire
Mission NewEnergy Limited (Nasdaq:MNEL)(ASX:MBT), a
global provider of energy from renewable sources and one of the
world’s largest Jatropha plantation companies, is pleased to
announce that it has signed a contract to supply
sustainability-certified biodiesel to a global oil major.
The six month contract will commence in January 2012 and is
expected to generate revenue in excess of $40 million.
“Our unique position of having a fully certified biodiesel under
the International Sustainability & Carbon Certification System
(“ISCC”) gives Mission a strong competitive advantage in the
European market,” said Nathan Mahalingam Group CEO of Mission.
“While we continue to see refining opportunities for ISCC palm
biodiesel, keen interest continues to be expressed in Jatropha
based biodiesel globally.”
About Mission NewEnergy
Mission NewEnergy Limited is a global provider of sustainable,
renewable energy. Operating in Asia, India, Australia, Europe and
North America, Mission NewEnergy is a biodiesel producer and one of
the world’s largest Jatropha plantation companies. At full capacity
we can produce 105 million gallons of biodiesel and have over
194,000 acres of plantation representing a sustainable non-edible
oil supply of an estimated 22 million barrels. Jatropha Curcas, an
inedible biofuel feedstock, is being cultivated by Mission’s
contract farmers on arid, marginal lands. Through the realization
of Jatropha by-product value Mission is working towards a zero cost
of sustainable non-edible fuel source. To learn more, visit
www.missionnewenergy.com.
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