In Malaysia, Felda Global Ventures Holdings purchased Mission NewEnergy’s Kuantan Port plant for $11.5M. The 30 MMgy plant is expected to be fully operational by July 1. The signing is a forward effort by FGV towards supporting the [Malaysian] government’s B5 and B10 biodiesel initiative to make biodiesel viable in view of growing demand in Europe for compliance with greenhouse gas emission targets.
Category: Fuels