Carotino to expand biodiesel capacity in 2007

13 December 2006 08:16  [Source: ICIS news]

SINGAPORE (ICIS news)--Malaysia’s Carotino will expand its biodiesel capacity by 120,000 tonnes/year to 180,000 tonnes/year from July 2007, a company source said on Wednesday.

 

The company has an existing 60,000 tonne/year plant in Pasir Gudang and construction activity for the expansion is already under way, the source said.

 

Carotino is vertically integrated and has access to its own palm oil feedstock, the source added, and therefore remains confident of sustaining production despite high palm oil prices.

 

At present, almost 100% of Carotino’s biodiesel production goes into the European and US export markets.

 

Export prices from southeast Asia have been typically around $700-730/tonne (€528-550/tonne) FOB (free on board) and producers have been trying to raise prices on the back of rising crude palm oil prices.

 

($1 = €0.75)

By: Anu Agarwal
+65 6780 4359

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