Mission NewEnergy acquires 85% stake in Oleovest

| February 20, 2012

In Indonesia, Mission NewEnergy has expanded its portfolio by acquiring an 85% interest in Singapore-based company Oleovest Pte. Oleovest, which has interests in a 250,000 tonnes per year methyl ester biodiesel plant, expects its primary project to be fully implemented in three years after the fundraising round is complete.

Mission will be required to invest up to US$3 million.

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Category: International

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