Renewable deal

SOUTH Perth-based renewable fuels company Australian Renewable Fuels Ltd has announced the signing of a heads of agreement with Queensland-based Transpacific Industries Group Ltd to form a joint venture to confirm feasibility of and develop a biodiesel production facility in Brisbane. The facility, which represents the third of five plants to be rolled out by Australian Renewable Fuels by 2007, will replicate its Adelaide and Picton facilities and will be designed to produce 45 megalitres of biodiesel annually. The project will be located adjacent to Transpacific’s existing cooking oil facilities in the Port of Brisbane and, allowing for approvals and construction, is expected to be in production in the second half of 2007.

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