Axiom Energy announces Australian biodiesel IPO

By | November 10, 2006
On Sept. 20, Axiom Energy Ltd. opened its initial public offering (IPO) in the Australian markets. The company released 51.5 million shares at AUS$0.70 each to raise AUS$36 million and create a market value at listing of AUS$99 million. The IPO, which closed Nov. 3, will fund Axiom Energy's first Australian biodiesel facility, a 40 MMgy project based at Toll Geelong Port near Melbourne. The plant, designed by Safer Energy Group, will use palm oil and tallow as feedstocks, according to Axiom Energy Managing Director Danny Goldman.
 
 
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