Carotech to export biodiesel

By | January 01, 2009
Malaysian biodiesel producer Carotech Bhd. recently signed an agreement with Trafigura Beheer BV Amsterdam, a Swiss commodity trading company, to export Carotech's palm-oil-based biodiesel CaroDiesel to the United States and Europe. Under the terms of the contract, Carotech will supply Trafigura with approximately 5,000 to 7,000 metric tons (1.5 million to 2.1 million gallons) of CaroDiesel per month. The price Carotech receives for the biodiesel will be based on a formula at a premium over the price of crude palm oil. The one-year contract begins in January.
 
 
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