Mission ships first batch of product

In the US, biodiesel producer Mission NewEnergy has supplied its first batch of biofuel under its most recent contract – a $100 million (€70.6 million) deal to manufacture and deliver its product to a key distributor of refined oil products.

The new contract was signed in May 2011 and, subject to a preliminary three-month probation period, will see Mission manufacturer and deliver product until the end of Q2 2012.

'We are very happy to make this maiden shipment on schedule. We look forward to continuing to successful executive under the contract and feel extremely confident of our ability to do so,' says Nathan Mahalingam, Group CEO of Mission NewEnergy.