Felda Global Ventures purchases Mission NewEnergy biodiesel plant for $11.5M

April 22, 2013 |

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.

More on the story.

Category: Fuels

Thank you for visting the Digest.