An Amadeus company statement said wholly-owned subsidiary, Australian Renewable Fuels Pty Ltd ("ARF") has committed to order the first biodiesel plant, to be located at Birkenhead, South Australia. It said two representatives will fly to Austria this month to finalise contract terms with the technology provider, Energea, and make the final commitment to order the plant.
The company said the ARF Adelaide plant will be t he largest producer of biodiesel in Australia, at 45 million litres per annum at full capacity. This is the first of five plants planned to be established Australia-wide. At present, Amadeus said worldwide production of biodiesel is 3.5 billion litres pa.
In exploration news, Amadeus said it was moving a rig on site to test a high potential gas well in Lavaca County, Texas. It is the second of several such targets, the first being the unsuccessful Mattern GU#1, which yielded gas but at non-commercial rates.
It is anticipated that the Scheinemann South-1 well will be drilled to a target depth of 11,200 feet, which should take 25-27 days. The rig will then be moved to the Trio Gerdes-1 location. Amadeus has a 25% stake in the well.
