Benefuel, Felda JV to retrofit 75 MMgy Malaysian plant
November 17, 2014
BY Ron Kotrba
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.
Advertisement
Advertisement
Advertisement
Advertisement
Related Stories
NREL announced the findings of the Assessment of BQ-9000 Biodiesel Properties for 2024, the eighth in a series of annual reports documenting the quality of biodiesel from U.S. and Canadian producers participating in the BQ-9000 program.
Kintetsu World Express Inc. has entered into a new agreement with Shell Aviation regarding the use of SAF. Under this agreement, KWE will adopt Shell Aviation's digital platform "Avelia" to swiftly address shippers' low-carbon transportation needs.
Aemetis Inc. released Q2 results, reporting increase revenue when compared to Q1. During an earnings call, company officials detailed progress with the company’s RNG, ethanol, biodiesel, SAF and carbon CCS projects.
Calumet Inc. on Aug. 8 confirmed its Montana Renewables biorefinery is currently running at full capacity. An initial phase of the company’s MaxSAF initiative remains on track to boost SAF capacity to up to 150 MMgy by mid-2026.
Marathon Petroleum Corp. on Aug. 5 released second quarter financial results, reporting improved EBITDA for its renewable diesel segment. The company primarily attributed the improvement to increased utilization and higher margins.
Upcoming Events
