Golden Hope, Godiver partners in biodiesel project

April 1, 2006

Golden Hope Plantations, a Maylasian biodiesel producer has entered into a marketing and distribution agreement with Godiver Austria, a firm that handles clearing and trading of oil products, petrochemicals and a variety of organic chemicals. Ulrike Bender, who handles logistics and biodiesel projects for Godiver, said the letter of intent with Golden Hope had been signed, and a biodiesel plant is now under construction in Zwijndrecht, Holland, to meet the growing demand for biodiesel in Europe. Golden Hope will provide operational and managerial on-site services as well as the raw material for this facility, whose primary feedstock will be palm oil, an abundant resource in Malaysia.

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