Perth-based biodiesel producer Mission Biofuels Ltd has completed construction of its 100,000 tonnes per annum Biodiesel Plant at Kuantan Port, Malaysia, with commissioning to be completed by mid-September, the company has announced.
The full text of a company announcement is pasted below
Mission Biofuels Limited (ASX : MBT) is pleased to announce that construction of its 100,000 tpa plant has been completed and that commissioning is currently underway. We expect commissioning of the plant to be completed in mid-September and the first shipment of biodiesel is expected by the end of September.
Unexpected delays in routine final inspections by Balance of Plant equipment suppliers and Fire, Safety & Health authorities have amended the previous guidance outlined in Mission's Quarterly update dated 18 July 2007, which anticipated a slightly earlier completion schedule. Notwithstanding these delays, commissioning of the plant by the end of September will represent achievement of our original prospectus timetable.
All Balance of Plant works and supplies are now on line and inspection dates with Fire and Safety & Health authorities have been scheduled.
Mission Biofuels technology suppliers, Crown Iron Works, have advised that they are happy with the progress of commissioning thus far and do not anticipate any complications for the remainder of the commissioning phase.
Crown has seven identical capacity plants in operation, including three that have been successfully commissioned within the last six months.
