Mission invests more in India
The Indian government has approved further capital investment by biodiesel refiner Australia-based Mission NewEnergy into its Indian feedstock business.
Mission will also continue with the original approved activity of being engaged in the contract farming of jatropha and utilising the jatropha oil for domestic or export markets.
The managing director of Mission Nathan Mahalingam said: ‘This affirmation confirms the Indian governments support for the development of the jatropha industry and the leadership role that Mission is playing in the further development of the industry.’
While Mission expects that India will become a significant producer of biodiesel from jatropha in the future, it is currently the US and Europe that are seen as primary markets given significant legislated demand.
‘The demand is growing rapidly for long-term supply of sustainable biodiesel and Mission is already in discussions with several oil majors on new take-off agreements similar to the recently contracted landmark off-take agreement with Valero Energy of US,’ Mahalingam added.
Mission will also continue with the original approved activity of being engaged in the contract farming of jatropha and utilising the jatropha oil for domestic or export markets.
The managing director of Mission Nathan Mahalingam said: ‘This affirmation confirms the Indian governments support for the development of the jatropha industry and the leadership role that Mission is playing in the further development of the industry.’
While Mission expects that India will become a significant producer of biodiesel from jatropha in the future, it is currently the US and Europe that are seen as primary markets given significant legislated demand.
‘The demand is growing rapidly for long-term supply of sustainable biodiesel and Mission is already in discussions with several oil majors on new take-off agreements similar to the recently contracted landmark off-take agreement with Valero Energy of US,’ Mahalingam added.
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