Tempo Offices, Unit B9,
431 Roberts Rd, Subiaco, Western Australia, 6008
Tel: + 618 9445 1006
Fax: + 618 9204 2383
Email: invest@missionnewenergy.com
24 January 2012
ASX ANNOUNCEMENT
Mission commences delivery for Global Oil Major & Secures Working Capital Line Mission NewEnergy Limited (NASDAQ:MNEL, ASX:MBT), a global provider of environmentally sustainable biofuels, is pleased to announce that it has completed and shipped the January maiden production run of biodiesel pursuant to the contract secured with a global oil major announced on August
18, 2011. The six-month contract is expected to generate
around US$40 million in revenue, with pricing structured on a
feedstock cost plus basis. Mission is also pleased to
announce that it has secured a US$10 million trade loan
facility specifically to fund the ongoing production of
biodiesel pursuant to the contract. Under the terms of the
trade loan, Mission has placed the ownership of its 100,000
tpa refinery as collateral.
"We are delighted to be supplying one of world's largest oil
companies and most respected fuel companies. We look forward
to potentially expanding the relationship," said Nathan
Mahalingam Group CEO of Mission NewEnergy.
- Announcement Ends -
Mission NewEnergy
Limited is a global provider of sustainable, renewable
energy. Operating in Asia, India, Australia, Europe and North
America, Mission NewEnergy is a biodiesel producer and one of
the world's largest Jatropha plantation companies. At full
capacity we can produce 105 million gallons of biodiesel and
have over 234,587 acres of plantation representing
sustainable non-edible oil supply of an estimated 27 million
barrels. Jatropha Curcas, an inedible biofuel feedstock, is
being cultivated by Mission's contract farmers on arid,
marginal lands. Through the realization of Jatropha by-
product value, Mission is working towards a zero cost of
sustainable non- edible fuel source. To learn more, visit
www.missionnewenergy.com.
For more information and a copy of this announcement, please
visit:
www.missionnewenergy.com or contact:
James Garton
Head of Corporate Finance, M&A Phone: + 1 (210) 841-5741
james@missionnewenergy.com
distribué par | Ce noodl a été diffusé par Mission NewEnergy Limited et initialement mise en ligne sur le site http://www.missionnewenergy.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-25 10:22:31 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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