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Graphene Nanochem Plc Contract Renewal With Shell Malaysia

Monday, 7 Oct 2013 03:40am EDT 

Graphene Nanochem Plc announced that Platinum NanoChem Sdn Bhd, its wholly-owned subsidiary, has been awarded a contract renewal by Shell Malaysia for the supply of PlatAmber, the Group's biofuel product derived from palm waste for the Malaysian market. The contract with Shell Malaysia is for a further period of one year, commencing November 1,2013, and increases the maximum monthly delivery of PlatAmber from 3 million litres to 5 million litres. PlatAmber is used as an additive into road-grade diesel to assist with compliance with the Malaysian Government's B5 mandate, which requires a mixture of 5% biofuel in diesel products. The Malaysian Government plans to increase this to a B10 mandate in 2016, following which, the Group expects the market for the product to double. 

Company Quote

-1.0 -2.63%
29 Jan 2015