Asian Agri’s biofuel plant to start up in Oct ‘07

06 December 2006 08:17  [Source: ICIS news]

SINGAPORE (ICIS news)--Indonesian palm oil major Asian Agri plans to start operating its new 200,000 tonnes/year biodiesel facility by October next year, a company source said on Wednesday.

 

The $20m (€15m) plant, which uses palm oil as feedstock, will be located next to the company’s palm oil refinery in Lubukgaung, Riau province, he said.

 

The biodiesel produced will most likely be exported to Asia, Europe and the US, he added.

 

“We’re optimistic that [many] Asian governments will make bio-energy policies,” the source said, noting that Europe and the US already have such policies.

 

($1 = €0.75)

By: Jeanne Lim
+65 6780 4359

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