Collapsed biofuels company Natural Fuel is set to be sold to private WA business NRG Capital for $575,000 after creditors agreed to execute the deed of company arrangement.
Subiaco-headquartered biodiesel producer Natural Fuel has today followed its Australian subsidiary and appointed Ferrier Hodgson as administrators of the company.
Subico based Natural Fuel Ltd has signed a convertible facility deed with Power Knight Pte Ltd under which Power Knight will provide Natural Fuel with a loan of US$20 million.
Natural Fuel Ltd has struck a US$40 million funding deal with Indonesia's Risjadson Group, which could see Risjadson acquire a 49 per cent stake in the struggling biofuels company.
Subiaco-based Natural Fuel Ltd lost its chairman, former Liberal leader John Hewson, and two directors today, less than one week after releasing an annual report showing a net loss of $47.8 million.
Subiaco-based Natural Fuel Ltd has signed a letter of intent for a long-term offtake agreement with GEM BioFuels Plc for the supply of crude jatropha oil as a feedstock for its Singapore biodiesel facility.
Subiaco-based Natural Fuel Ltd subsidiary Natural Fuels Australia Ltd, a joint venture with Babcock & Brown, has exported its first biodiesel shipment from its Darwin facility, the company has announced.
Subiaco-based Natural Fuel Ltd has signed a 12 year agreement with Singapore-based Federal International Ltd subsidiary Banyan Utilities for a Co-Generation facility on the site of its biodiesel plant.
Subiaco-based Natural Fuels Ltd will raise up to $124.3 million through the issue of convertible bonds, raising money for three new biodiesel plants in Singapore, the company announced today.
