alex_theking

alex_theking | Joined since 2013-08-23

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Stock

2014-04-29 10:12 | Report Abuse

not rumours ...just wait until tis ogos...

Stock

2014-04-29 09:59 | Report Abuse

Tis very..very new project for them yesterday is closing date ...

Rm 20mil project...

The GoM is inviting interested bidders to complete the Pre-Qualification Questionnaire documents and
to make submission of the completed Pre-Qualification Questionnaires documents by the Submission
Closing Date and Time: 12:00p.m. (Malaysia Time) on 28thApril 2014.

Stock

2014-04-29 09:56 | Report Abuse

The Government of Malaysia

PUBLIC PRIVATE PARTNERSHIP UNIT
PRIME MINISTER DEPARTMENT, MALAYSIA

Waste-to-Energy Public Private Partnership (PPP) Project
At Kepong Solid Waste Transfer Station
Kuala Lumpur, Malaysia (the "Project")

Contract Notice

The Government of Malaysia ("GoM") is seeking expressions of interest for the design, construction,
operation and financing of a facility for treatment of municipal waste to energy with a processing
capacity of approximately 1,000 tonnes per day in Kuala Lumpur, Malaysia (the "Facility").

The Project is being offered to the international market as a public private partnership (PPP) project,
secured under a long term concession agreement. As such, expressions of interest are sought and not
limited to consortia comprising technology providers, civil engineering contractors, and waste
management companies.

The Facility provider will be appointed under a procurement process involving pre-qualification with
outline proposals, Request For Proposal and final tenders. The price and quality selection criteria for
choice of provider will be set out in the tender documents to be issued to the bidders selected from the
pre-qualification stage.

This Pre-Qualification is offered to companies registered in Malaysia or a joint-venture/consortium with
at least one incorporated company in Malaysia with 51% of its shareholdings to be held by Malaysian
controlled entities. Companies/Consortium members should have relevant experience and qualify to
bid under the terms and conditions of this Pre-Qualification.

Further explanation of the Project and tender process are set out in the Information Memorandum,
available with the Pre-Qualification Questionnaire documents. The Pre-Qualification Questionnaire
documents and Information Memorandum can be purchased and obtained on-line at
http://edokumentender.ukas.gov.my. The latest date to purchase the said documents is on
14th
March 2014 at 5:00p.m. (Malaysia Time).

The GoM is inviting interested bidders to complete the Pre-Qualification Questionnaire documents and
to make submission of the completed Pre-Qualification Questionnaires documents by the Submission
Closing Date and Time: 12:00p.m. (Malaysia Time) on 28th
April 2014.

The concessionaire is expected to be appointed by March 2015.

For enquiries please contact the following officers:


http://www.ukas.gov.my/tender-portlet/attachment/153556_Binder%20ads%20tender.pdf

Stock

2014-04-29 09:53 | Report Abuse

hi 0007,

slow..slow bro...

tis biodisel very slow pick up ....but once pick up ....u and me very hard to stop them....

like big lorry 10 tons ... like electrical car very fast in pick up but maintain very ,,very high...

Stock

2014-04-29 09:41 | Report Abuse

Biowayste: bringing anaerobic digestion to mainstream business
The Northamptonshire-based company Biowayste Systems Limited – providers of the one of the UK's fastest anaerobic waste-to-energy processes – is now taking its system to mainstream business, in what has traditionally been a cost-prohibitive market sector.
The company's smaller reactor tanks and significantly faster Anaerobic Digestion (AD) process are doing well in the current market.

Traditionally, the AD process has been confined to industrial-scale installations with large reactor tanks – the waste being collected and brought to the plant for processing. The process generally takes approximately 30 days for bacteria to break down a single tank of waste.
For the 5000 small food manufacturers across the UK, this has been a costly exercise which has seen the majority look for alternative, cheaper and less environmentally-sound solutions. However, the Biowayste system, with compact and cheaper site installation, and the capacity to digest a tank of waste within 12 hours, is becoming a viable proposition.
In addition to the ecological and financial benefits of AD for the client, the fact that the processing plant is an on-site installation gives two other benefits to the user – the production of both heat and energy. Depending upon the specific environment, this could well allow the manufacturer to be completely self sufficient, heating and powering their business from the AD process plant.
A good example of how this technology can help a business and further, an entire community, can be found in the Scottish Island of Islay. Home to eight of Scotland's best known whisky distilleries (an industry which is known to be extremely energy intensive and a heavy producer of waste) will see the first two Biowayste installations at the Bruichladdich distillery this month.
Mark Reynier, owner of the distillery comments: 'There are many factors which have driven our decision, the overriding one being the whisky industry's growing concern over its product's carbon footprint, thought to be amongst the highest in the food and drink industry.'
It is also a fact that Islay has an antiquated power supply, based on a single cable from the mainland, with voltage fluctuations commonplace, especially when the eight distilleries are working. The green nature of the power generated and the heat capture makes a Biowayste installation lucrative, as each megawatt hour of power attracts two government renewables obligation certificates.
For further information on Biowayste, please call +44 (0) 1788 824744, email: enquiries@biowayste.com or visit biowayste.com

Stock

2014-04-29 09:30 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1596529


1.0 INTRODUCTION

The Board of Directors (“Board”) of ATS is pleased to announce that the Company has on 17 April 2014 entered into a Joint Venture Agreement (“JVA”) with ANHUI, PMSB and MW to bid for the international tender for the construction of a mass-scale incinerator facility for a “Waste to Energy” Public Private Partnership (PPP) Project at Kepong Solid Waste Transfer Station Kuala Lumpur (“the Project”) from the Government of Malaysia through the Unit Kerjasama Awam Swasta, Jabatan Perdana Menteri, Aras 2, Block Menara, Menara Usahawan, Persiaran Perdana, Presint 2, 62652 Putrajaya (“the Employer”) through a joint venture company known as ATS Biotech Sdn. Bhd. (Company No. 1040158-K) (“JVCO”) [Joint Venture].

2.0 BACKGROUND INFORMATION ON THE PARTIES & JVCO

ATS is a public company incorporated in Malaysia under the Companies Act 1965 and having its business address at Lot 11.2, 11th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, 47410 Petaling Jaya, Selangor. ATS is listed on the ACE Market in the Bursa Malaysia Securities Berhad and is involved in fabrication of industrial and engineering parts and design and manufacture of industrial automation system and machinery.

ANHUI is a company incorporated in the People’s Republic of China and having its business address at Kuaihuoling, Tongcheng, Anhui Province, China. ANHUI is principally involved in development, construction, and operation of Waste to Energy facilities.

PMSB is a company incorporated in Malaysia under the Companies Act 1965 and having its business address at Suite 6G, Letter Box 88, UBN Tower, Jalan P. Ramlee, 50250 Kuala Lumpur. PMSB is principally involved in construction businesses in Malaysia.

MW is a Malaysian residing at Suite 26-1, Tower B, Pavilion, Jalan Raja Chulan, 50200 Kuala Lumpur.

JVCO is a company incorporated in Malaysia on 27 March 2013 and it currently has an authorized and paid up capital of Ringgit Malaysia Five Hundred Thousand (RM500,000-00) divided into 500,000 ordinary shares of Ringgit Malaysia One (1) each.

Subject to the requirements of the Employer as spelt out in the tender of the Project, the Parties have formed a joint-venture company known as JVCO with its business address at Lot 11.2, 11th Floor, Menara Lien Hoe, No. 8 Persiaran Tropicana, 47410 Petaling Jaya, Selangor to bid for the Project.
3.0 SALIENT TERMS OF THE JVA

3.1 Limitation of Joint Venture

The Joint Venture as stated in the JVA is expressly limited to the Project, and neither Party shall, whether expressly or impliedly, hold out that the Joint Venture extends to any other project, property, business or development, except as the Parties may otherwise mutually agree in writing.
3.2 Equity Structure

The Shareholders of JVCO namely the Parties, ie. AT, ANHUI, PMSB and MW, hereto agree to the following: -

Stock

2014-04-29 09:21 | Report Abuse

Cool Planet Energy Systems, Inc is us base company.....


http://www.coolplanet.com/contact


Address:

Global Headquarters
6400 S. Fiddlers Green Circle
Greenwood Village, CO 80111
+1-303-221-2029

Research & Development Facility
460 Calle San Pablo
Camarillo, CA 93012

Stock

2014-04-29 09:17 | Report Abuse

as u know asiabio have agreement with Cool Planet Energy Systems, Inc



The Board of Directors of ABT is pleased to announce that its associated company, Nexfuel has on 16 April 2014 entered into a Biofuels Offtake Agreement (“Agreement”) with Concord for the offtake sale of all of the biofuels products to be produced by one or more subsidiaries to be established under Nexfuel using the technology developed by Cool Planet Energy Systems, Inc. (“Cool Planet”) (each, a “Project Company”).

The Agreement is signed following the Plant Construction agreement which was previously signed between Nexfuel and Cool Planet on 20 February 2014, giving Nexfuel the licensing rights to Cool Planet’s technology to develop fuel production plants in Malaysia (“Cool Planet Technology”). Nexfuel intends to establish via the Project Companies, one or more of such fuel production plants with the first targeted to be completed by year 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1595945

Stock

2014-04-29 09:01 | Report Abuse

US$2 bil deals signed on last day of Obama visit.........

Aviation, Biotech and Insurance sectors



KUALA LUMPUR: Prime Minister Datuk Seri Najib Abdul Razak and US President Barack Obama today witnessed the signing of US$2 billion (RM6.54 billion) worth of commercial deals between Malaysian and American companies in the aviation, biotech and insurance sectors.

Speaking at an event at a hotel here, Obama said the close trade and investment relations between the two countries would create jobs and economic opportunities in both nations.

“Today, we agreed (on a) new comprehensive partnership between Malaysia and the US and work to expand our economic touch.

"The US is already the largest foreign investor in Malaysia and Malaysia is the fastest growing investor in the US,” he said, adding that both countries could look ahead for more growth and prosperity.

http://www.thesundaily.my/news/1029862

Stock

2014-04-28 11:02 | Report Abuse

later i share some news about asiabio ...
i already collect some good news about them but now is not good time to share...

Stock

2014-04-28 10:47 | Report Abuse

u buy rights 0.10 and profit 0.015 or 15% profit good return from fd at bank...

if have lucky sell in 0.085 n 0.04 profit ...0.025sen profit...

Stock

2014-04-28 10:43 | Report Abuse

hi kiraok91...

0.08+0.035=0.115 still profit 0.015 if sell now bcos u buy right in 0.10...

Stock

2014-04-25 23:19 | Report Abuse

very good time to buy back their share 0007....
now the game is different ....

Stock

2014-04-25 23:16 | Report Abuse

hi 0007,

can u remember me....

i just back from my holiday... now very good time to do my work... i back wit good story for next week...

wat a story bro.... last 3 week u story is electrical car... now is titanic ship...later wat story bro...

i think u can be film maker...hahahaha

Basically u and team member already done homework,,,i have alot question for u all....

come together for learn together about biodiesel ...

Stock

2014-04-18 09:23 | Report Abuse

it's ok ... but u got small profit...

Stock

2014-04-18 09:22 | Report Abuse

hi michelle,

last 2day i inform to u keep in safety box untill july but u sell...
c now it going above 0.11...

Stock

2014-04-17 17:13 | Report Abuse

if they get contract frm all petronas pump in malaysia by tis july...
b5 biodiesel ...

Stock

2014-04-17 16:58 | Report Abuse

now only they talking about ....The Agreement is signed following the Plant Construction already 0.11

if start business maybe rm 1.10

if profit... maybe rm4.00

Stock

2014-04-17 16:53 | Report Abuse

hi michelle...

why sold very fast in 0.10

Stock

2014-04-17 10:39 | Report Abuse

yesterday i advice they have legal case need settle by today...
they use your money to settle their legal case hahahah....
now price 0.15 and later 0.145,0.14,0.12

Stock

2014-04-17 10:31 | Report Abuse

hi michelle...are u happy right now...

last 2 week.. i receive not relevant information about tis counter but tis week about good news...

Stock

2014-04-16 17:01 | Report Abuse

michelle ...i think tomorrow will up to 0.10

Stock

2014-04-16 16:19 | Report Abuse

i buy small units only...

Stock

2014-04-16 16:01 | Report Abuse

hi michelle very good timing... we buy in 0.07 n 0.075

Stock

2014-04-16 15:56 | Report Abuse

i hope can get good return...

Stock

2014-04-16 15:55 | Report Abuse

hi michelle... maybe i will keep in my safety box until tis july...
i hope... i get return....

Stock

2014-04-16 09:49 | Report Abuse

very sad story...

if u get profit ok lah...

Stock

2014-04-16 09:47 | Report Abuse

Hi all,

They have legal case need to settle by 17 april 2014....... tomorrow

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1438509

A writ summon has been served by Tang Yit Fun (“ 1st Plaintiff) and Tang Yit Peng (“2nd Plaintiff’) against Tiger Synergy Berhad (“the Company”), Goldenier Property Management Sdn. Bhd. (GPMSB), Janavista Sdn Bhd (“JSB”) & 2 others [“the Defendants”] for the sum of RM4,575,000.00and specific performance and damages for breach of contract , interest and costs. GPMSB is the wholly-owned subsidiary of the Company.

This case was fixed for hearing before the Honourable Judge Tuan Vazeer Alam Bin Mydin Meera on the 16th and 17th day of October, 2013.

It is adjudged by consent and without admission of liability by any party herein that in full and final settlement of all disputes arising by all the parties hereto, the Company and GPMSB do jointly and severally:-

(1) pay to the Plaintiffs on or before 17th January 2014, the sum of Ringgit One Million and Eight Hundred Thousand (RM1,800,000-00) only by way of
bankers chequein the name of the Plaintiff’s Solicitors, Najiana Wan Balbir;

(2) On or before 17 April 2014, undertake to deliver to the Plaintiff’s solicitors:

(a) the issue Document of Title HSD222956, PT No. 8650,Pekan Baru Sungai Buloh Daerah Petaling,; andHSD No 222958 PT No. 8652 Pekan Baru
Sungai Buloh; free from all encumbrance and with vacant possession;
(b) together with the consent to transfer from the state authority;
(c) and the Memorandum of Transfer duly executed in the name of the 1st Plaintiff or the nominee duly nominated by her if she so wishes to nominate
such a party with the stamp duty paid;
(d) And the quit rent and assessment receipts all duly paid up to date; and
(e) all requisite documents required to register the Property’s transfer.

Stock

2014-04-16 09:29 | Report Abuse

hi michelle..

hw is your status in tis counter....

Stock

2014-04-15 16:33 | Report Abuse

hi kiter...

wat is your advice to buy or sell?

Stock

2014-04-15 08:52 | Report Abuse

hi kiter...

last 2 week your tp for tis counter 0.05-0.07
y your tp for today 0.09/0.095

Stock

2014-04-08 09:22 | Report Abuse

Hi Guys....

i have good news about redtone...


Posted on 8 April 2014 - 05:37am
sunbiz@thesundaily.com
Print
PETALING JAYA: REDtone Telecommunications Sdn Bhd (REDtone Telecommunications) has signed a Memorandum of Understanding (MoU) to provide Internet connectivity to the International Technology & Commercial Centre (ITCC) in Penampang, Sabah.

The MOU was signed with Sabanilam Enterprise Sdn Bhd (Sabanilam Enterprise), the owner and developer of ITCC-Penampang which has a gross development value of more than RM300 million.

ITCC-Penampang, which is expected to be completed by end of 2015, is targeted at both local and foreign purchasers who seek business expansion and investment opportunities.

The development is part of the Greater Kota Kinabalu on the Southern side and is a private initiative project listed under the Sabah Development Corridor.

As part of the MoU, REDtone Telecommunications, a wholly-owned subsidiary of REDtone International Bhd (REDtone International), will provide dedicated high speed 100Mb broadband connectivity to the mixed development comprising a 330-room hotel, 16-floor hotel suite (290 units), 4-storey shopping mall and 16 levels of A Grade I-Office Tower.

REDtone International group CEO Lau Bik Soon hopes the latest project at ITCC will mark the beginning of more similar projects with large organizations in Sabah.REDtone Telecommunications has been offering WiMAX services in Sabah since 2009.

REDtone is also implementing a project under MCMC's (Malaysian Communications & Multimedia Commission) Time 3 Program aimed at providing voice and data connectivity in rural areas of Malaysia. It is also involved in another USP (Universal Service Provision) project under the government's "Kampung Tanpa Wayar" initiative.

Stock

2014-04-07 11:11 | Report Abuse

hi ejokz...

i also think samething also...
if not mistake maybe...the GOLDMAN Sachs is collect back ...after disposal their 40 mil share at price 0.19-0.16.....good profit from them 0.12...

Stock

2014-04-07 09:59 | Report Abuse

hi guys...

a story about oil and gas industry....

‘PIPC a boost for industry’

Posted on 7 April 2014 - 05:40am
sunbiz@thesundaily.com
Print
PETALING JAYA: Malaysia Petroleum Resources Corp (MPRC) president and CEO Datuk Shahrol Halmi has lauded Petroliam Nasional Bhd's (Petronas) decision to proceed with the Refinery and Petrochemical Integrated Development (RAPID) project and associated facilities at its Pengerang Integrated Complex (PIC), calling it a game changer for the oil and gas industry.

MPRC said yesterday the move is a significant milestone in paving the way towards achieving its objective of transforming Malaysia into the number one oil and gas services hub in the Asia Pacific region.

PIC is part of the larger Pengerang Integrated Petroleum Complex (PIPC) proposed and promoted by the federal government and Johor state government. The development of PIPC is coordinated by Johor Petroleum Development Corp (JPDC).

JPDC is co-chaired by Minister in the Prime Minister's department, Pemandu CEO and MPRC chairman, Datuk Sri Idris Jala, and Johor Menteri Besar Datuk Mohamed Khaled Nordin.

JPDC's board consists of representatives from MPRC, Ministry of Finance, Economic Planning Unit of the Prime Minister's department, Johor State EXCO, Johor State Secretary, Johor Economic Planning Unit, Petronas and Dialog Group.

Stock

2014-04-05 16:46 | Report Abuse

hi 0007,,,

very good timing about human age....
but how about human ending story time ...the huge money tat we earn can bring any where....

Stock

2014-04-05 08:22 | Report Abuse

Hi william,

i agree with u... keep in safety box

but big vol in 0.07...it is safe buy in 0.075?

Stock

2014-04-05 07:00 | Report Abuse

hi michelle828,

wat is my advice just buy their rights and get free wa ...
just hold for 1/2-1 year later u c.. at least 30 % profit...


in tis world no short cut money unless we go hack the bank tat one also we need invest by plan..
only a joke about hacking

Stock

2014-04-05 06:42 | Report Abuse

Hi Kiter...

tat is not news but it is Company Announcements about Mr a or company a selling their share and
tat announcement to old ....cut n pasta from bursa...

we need find relevant and latest news about that company to make normal investor trust the company and product ....

trust is very important for company...before selling product ,,your need sell trust first...
make them confident...

if i not post news about B5 in july ...i think the price already go 0.065 and climb back 0.07
alot investor stress ...

cool bro...if u don't like my comment just ignore...

Stock

2014-04-04 16:39 | Report Abuse

very good time to buy rights or mother..
buy small units... if price go down just waiting until slow trading later buy back...

Stock

2014-04-04 16:21 | Report Abuse

hi kiter...

1)have u done your homework by read 144 page at Abridged Prospectus tat u request...

2)as i said early....i not investment analysis for this company... if i know all story about tis company.. i not talking in tis forum wit u....

3)if i know all the story about tis company why i need share wit u ... are u my close friend or family member...

4)so far information tat i share with u ..not said thanks also...

5)pls do correction your spelling relevant not relavant

Stock

2014-04-04 10:59 | Report Abuse

Hi guys...

i have good news tat read in the sun about (Petronas) in johor plantation ....
maybe it have link our asiabio plantation at kulim johor....


PETALING JAYA: Petroliam Nasional Bhd (Petronas) has approved the final investment decision (FID) of US$27 billion (RM88.6 billion) for the development of the Pengerang Integrated Complex (PIC) in southern Johor, which comprises a world scale Refinery and Petrochemical Integrated Development (Rapid) and associated facilities.

Rapid is estimated to cost US$16 billion, while associated facilities will involve an investment of about US$11 billion.

Petronas' president & group CEO Tan Sri Shamsul Azhar Abbas said: "The FID is a critical stage gate in our decision making process. Petronas undertook a rigorous review of the project, including independent third party assessments to ensure it meets our criteria for long-term profitable and sustainable growth. This decision is in line with our commitment to capital discipline, and with the board's approval we look forward to progressing the development of the project as planned."

"We will continue to work closely with the federal and Johor state governments to ensure the project's smooth implementation. In a relatively condensed period of time, we have accomplished a lot of work in establishing an excellent base to move forward with confidence to implement our plans."

Following the decision by Petronas, partners' respective FIDs will be announced in due course upon the approval of their respective boards.

The PIC is scheduled to commence construction upon the full hand-over of the project site to Petronas by the state government.

Based on the current progress, the project is poised for its refinery start-up by early 2019, nearly more than a year later than the fourth quarter of 2017 target stated earlier.

The project is expected to further strengthen Petronas' position as a key player in the Asian chemicals market, focusing on key growth areas of differentiated and specialty chemicals and capturing the growing automotive, pharmaceutical and consumer products sectors.

Domestically, the PIC will contribute towards meeting the growing demands for petroleum products and Euro 4M and Euro 5 specification fuels.

Developed within a 6,242-acre site, the PIC will consist of a 300,000 bpd refinery and a petrochemical complex with a combined capacity of producing 7.7 mtpa of various grades of products including differentiated and specialty chemicals products such as synthetic rubbers and high grade polymers.

The project will also see the development of a host of associated facilities i.e. the raw water supply facility, power co-generation plant, LNG regasification terminal and other ancillary facilities.

At the peak of its construction, the PIC Project is expected to have a workforce of about 70,000 people with varying skills and disciplines. In its operational stage, the PIC will require over 4,000 employees.

The PIC is part of the larger Pengerang Integrated Petroleum Complex (PIPC) proposed and promoted by the Johor state government.

Petronas said, with its strategic location along one of the world's busiest shipping lanes and its proximity to international trading hub, the PIPC is well positioned to be the next regional downstream oil and gas industrial hub.

Stock

2014-04-04 10:50 | Report Abuse

hi 0007...

Basically u will post not relevant information to make money....
basically u know tat money u gain can't bring wen end of your story...right
play safe...

Stock

2014-04-04 10:44 | Report Abuse

hi kiter...

pls do some homework before u buy any counter share....

Stock

2014-04-04 10:40 | Report Abuse

Hi kiter...

Pls read ASIABIO -Abridged Prospectus
Page ,22-23 palm oil industry in malaysia,page 24 about biomass, page 25 their group lost and gain in biodiesel,page 26 plantation at kulai and collaboration with AT...
Pls print 144 page and read all page...

If u have book that asiabio send to u...pls check page 87 (basis of preparation)
that book have 173 page tat u need read....the group lost and gain since 2011

pls do some homework bcos u buy any counter share....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1578569

Stock

2014-04-04 09:33 | Report Abuse

Hi Kiter....

i not investment analysis for this company ...i just investor only ...
i just share some relevant information tat read at google and some good news about biodiesel....
at least i post some good news about tis company...
to save small investor from their lost....
not like someone is post not relevant story....

But bcos u request help and today is friday ....i will try to get it
thanks...

Stock

2014-04-04 05:22 | Report Abuse

in this forum we only can share information...
pls share some relevant information...

we talking about biodiesel not electrical car....

if u want talking about electrical car in proton forum or perodua forum...
maybe in tat forum u can talk about biodiesel....hahaha

Stock

2014-04-04 05:10 | Report Abuse

hi 0007 n kiter....


can u give me any news that Asia Bio that not involve any biodiesel project? or any news Asia bio fail to their business...

If u have pls post it... maybe we as investor stop to buy this counter...Thanks

Stock

2014-04-03 21:08 | Report Abuse

Z Energy plans to spend $21 million on a biodiesel plant in Auckland using fat from the meat industry.

The plant will produce 20 million litres of biodiesel a year which can be blended with traditional mineral diesel.

The company's chief executive Mike Bennetts said in notes for an investor briefing the economics around biofuel remained challenging.

"We appreciate that others have tried and failed to bring domestically produced biodiesel at this sort of scale to the New Zealand market. However we have refined and investigated this particular option rigorously over the last four years, we are not trying to grow a feedstock supply and with the core of our business in distribution and marketing."

Fat from sheep and cattle - tallow - would be used and Z said the end product would satisfy the highest New Zealand and European fuel specifications.

While Z has publicly discussed the potential for this project in the past, the Z board has now approved the project, subject to the completion of regulatory and resource consenting - including approvals from competitor companies to construct a blending facility at the Wiri fuel terminal - and the finalisation of key contracts.


Bennetts said the company has spoken to commercial customers who have expressed commitments to take initial production.

"We expect strong customer support for a high-quality, genuinely sustainable biodiesel and indeed our decision to proceed is at least partially based on these indications of support."

While Z was minimising risk through feedstock supply chain agreements, Bennetts said the success of the project would be determined by how much customers value "a cleaner, more sustainable alternative."

Initial production would likely be allocated to commercial customers who would typically use the biodiesel in B5 to B20 (five to 20 per cent biodiesel to mineral diesel) blends in heavy vehicles but the company expected to also supply upper North Island retail sites with a B5 biodiesel blend.

"We didn't enter this industry to be just another oil company and we are advantaged in that we have the flexibility and the scope to look at non fossil fuel options."

Bennetts said the option existed to double the plant's production to 40 million litres of pure biodiesel quite quickly if consumer demand and the economics supported it.

Z sells about a billion litres of diesel a year.

One notable failure biodiesel failure was Solid Energy's foray into the market.

The state-owned company bought Canterbury Biodiesel in 2007 as part of its diversification strategy, spent $17 million on a canola oil plant at Rolleston but sold the business last year after pumping a reported $62 million into the business.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11231474

Stock

2014-04-03 19:38 | Report Abuse

big shark waiting at price 0.007 wit big vol around 33mil every day...
once u sell all the share at that price later only come out good news...
signing with big company with rm100 mil project that time we chase the share with high price....
don't go for short term
if u trust one company just buy small units with any price first ..later it go down.. let it go down n once the slow trading buy some units and then sell wen 30- 50 % profit...

don't buy any counter share wen already have good news bcos that's time big shark selling to small fish...