South Africa’s First in Spec to construct $26 million 13 Mgy biodiesel plant

In South Africa,  First In Spec BioDiesel announced at the African Biofuels conference in Midrand that it plans to construct a $26.3 million 13 Mgy biodiesel plant will use  waste vegetable oil as a feedstock. The company said it had already signed letters of intent for offtake of 30 percent of the plant’s capacity. The company will provide $5.5 million in equity and is seeking financing for the project.

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