Mission NewEnergy to complete second biodiesel facility

Australian biofuels producer Mission NewEnergy has raised €2.7 million from international investors.

In conjunction with the recently announced €12.8 million debt financing, Mission has sufficient funds to complete its second biodiesel facility.

This capital raise also provides Mission with further operational flexibility.

Mission will issue 24,137,931 units raising €2,600,000.

Mission NewEnergy is a company with operations in Malaysia and India that owns and operates a 100,000 tonnes a year biodiesel plant at Kuantan in Malaysia producing biodiesel.

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