November 12, 2007 (RWE via COMTEX) – Mission Biofuels (ASX:MBT) through its Mauritian subsidiary, Mission Agro Energy, will acquire a further stake in Mission Biofuels India. The acquisition of the shares of Indian Agribusiness Systems will increase the stake to 90 per cent from 70pc.
This is the company that Mission is using to develop its upstream feedstock business in the production and procurement of Jatropha seeds and oil.
The acquisition is subject to Indian authorities approval. It is expected to positively contribute to earnings in FY08.
One thought on “Mission Biofuels to Increase Stake in India”
We are developing the project of Jatropha plantation in both Lao, Cambodia and Thailand with our own oil expelling unit to supply CJO(Crude Jatropha oil) for BDF production.
We would be able to supply 60,000 metric tons annually by 2010.
Currently w eare able to supply some bulk quantity of few metric tons monthly for any experiment of BDf production.
Any interested parties could contact us for any future off take contact us to secure he consisting supply of CJO.
Tel +66 85 109 5555