Mission raises $50m for expansion

SHARES in Perth-based biodiesel producer Mission Biofuels Ltd jumped more than 12 per cent on Monday following news of a $50 million capital raising to fund its Indian and Malaysia expansion plans. Mission stock closed at $1.44 a share, well above the fund raising price of $1.30, which was below recent highs but well above levels seen earlier in the year and late last year. Mission has raised the $50 million through a placement to fund a 250,000 tonne per year expansion to its Malaysian biodiesel production facility, and development of its Jatropha Curcas feedstock business in India.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer