BIOFUELS

Mission’s biodiesel facility ahead of schedule

RECENTLY listed Mission Biofuels says the construction of its biodiesel production facility at Ma...

Mission’s biodiesel facility ahead of schedule

The Perth-based company today said all foundation works at the site have been finished and construction of the balance of the plant is continuing.

Mission said construction of the process building would begin immediately.

Chairman Dario Amara said the company was pleased with the progress being made by the construction team.

“To be six weeks ahead of schedule is indeed a remarkable achievement and if construction continues at this pace, we may expect the plant to be commissioned earlier than envisaged,” Amara said.

Mission Biofuels received approval from the Malaysian Government in May to expand its biodiesel facility to produce an additional 200,000 tonnes per annum.

The company has already exercised an option to lease an additional 24,000 square metre site adjacent to where its first 100,000tpa biodiesel plant is being constructed.

Mission aims to export biodiesel to Europe from its Malaysian plant, which leaves the company unaffected by the Australian Fuel Tax Bill despite its Australian Stock Exchange listing.

Commercial production at the plant is expected to begin in October 2007.

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