Sale of Asia-based biodiesel facility agreed

Mewah International, a palm oil refining business in Malaysia, is set to acquire a biodiesel plant from alternative fuel processing company Gomedic.

The deal is reported to be in the region of $13 million (£9.7 million) and includes over 25,000 m³ of land. The purchase will be completed in the first quarter of 2014.

Mewah believes the plant is ‘strategically located’ near its largest palm oil refinery in Westport, Malaysia.