Benefuel, Felda JV to retrofit 75 MMgy Malaysian plant
New ownership and biodiesel process technology are planned for the 75 MMgy Mission NewEnergy plant in Kuantan Port, Malaysia. Benefuel International Holdings S.A.R.L., a subsidiary of Benefuel Inc., and a subsidiary of Felda Global Ventures Sdn. Bhd., the world’s largest crude palm oil producer, have formed a joint venture that has agreed to acquire the facility and retrofit the plant with Benefuel’s Ensel solid catalyst technology, which combines both esterification of free fatty acids and transesterification of triglycerides into a single process. The joint venture also includes M2 Capital Sdn. Bhd., a subsidiary of Australia’s Mission NewEnergy, the current owner of the plant. The transaction is expected to close before year’s end, and the plant is expected to be operational in late 2015. Last year, Felda Global Ventures Downstream Sdn. Bhd. acquired another biodiesel asset scaled at 30 MMgy from Mission NewEnergy on the same site.
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