Mission signs contract to supply biodiesel to oil major

Mission NewEnergy, an Australia-based biodiesel producer, has entered into a six-month contract to supply its sustainable biodiesel to an unnamed oil giant.

The deal will begin in January next year and is foreseen to generate revenues over $40 million (€27.7 million) for Mission.

'Our unique position of having a fully certified biodiesel under the International Sustainability & Carbon Certification System (ISCC) gives Mission a strong competitive advantage in the European market,' says Nathan Mahalingam, Mission NewEnergy's group CEO. 'While we continue to see refining opportunities for ISCC palm biodiesel, keen interest continues to be expressed in jatropha-based biodiesel globally.'