Malaysia’s Carotech signs offtake agreement for up to 66 percent of output as palm biodiesel recovers

In Malaysia, Carotech has signed a $55 million export contract with the Netherlands’ Trafigura Beheer for palm biodiesel. The deal represents more than 50 percent of Carotech’s capacity, and management noted that the Trafigura deal would provide a stable revenue outlook for the company’s lenders and investors. Carotech operates two biodiesel refineries in Perak that produce 120,000 tonnes of biodiesel per year. Trafigura has contracted for off-take of up to 84.000 tonnes of biodiesel per year.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Colorado’s bioXchange biodiesel plant signs $45 million, 100% offtake agreement with Gray Oil

In Colorado, Rocky Mountain Sustainable Enterprises announced today that it has signed an offtake agreement with Gray Oil Company to supply up to 4.5 Mgy of biodiesel over three years, with a total de...

Greenfield signs MOU for offtake from Chernobyl biofuels project

In Belarus, Greenfield Project Management announced an offtake MOU with Litasco for ethanol produced in Phase I of Greenfield’s bioenergy complex at Mozyr. The companies said they are working on fin...

Ardent Energy signs offtake agreement for Ethiopian jatropha

In Ethiopia, Ardent Energy Group announced an off-take agreement with Belgium's Distrifina for the importation and distribution of jatropha and castor oil for the European market. Volumes were not ann...

Malaysian palm oil biodiesel producer makes high-grade Vitamin E as a by-product, stays at full capacity as competitors grind to a halt

In Malaysia, Carotech Berhad continues to produce palm oil biodiesel at full capacity owing to its focus on co-generating Vitamin E. Carotech executives told Reuters that the company's 50 percent blen...

Palm oil price drop pushes Malaysia’s Carotino to 95 percent biodiesel plant utilization

In Malaysia, Carotino announced that it has increased utilization at its biodiesel plants to 95 percent of capacity, owing to the 60 percent drop in crude palm oil prices. Company executives said that...

Southridge signs 15 Mgy ethanol offtake contract for its Brazilian plant with Hong Kong trader

In Texas, Southridge Enterprises has signed an agreement to ship 15 Mgy of sugar cane ethanol to Hong Kong's Jinsung Ho Trading Group. The ethanol will be shipped from Southridge's Petrozilian Energia...