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Felda Global Ventures Holdings Berhad Buys Biodiesel Refinery Through Subsidiary


Thursday, 18 Apr 2013 05:40am EDT 

Felda Global Ventures Holdings Berhad announced that through subsidiary, Felda Global Ventures Downstream Sdn Bhd (FGV Downstream), signed an Asset Purchase Agreement with Mission Biotechnologies Sdn Bhd (MBSB) to acquire assets including a biodiesel refinery at Kuantan Port for USD11.5 million (RM35 million). Apart from the 100,000 tonnes per annum bio-diesel refinery sited on 6.0 acres of prime land, the assets include a 16,000-tonne tank storage connected with import and export pipelines to a deep water jetty. The plant is expected to be fully operational by July 1, 2013. 

Company Quote

4.5
-0.05 -1.10%
18 Apr 2014