Stirling Biofuels signs MOU for palm oil mill in Malaysia

Perth based Sterling Biofuels (Stirling) has entered into a memorandum of understanding to develop a palm oil mill in the Lahad Datu region of Malaysia. This is the same region Stirling have located their biodiesel plant. Stirling is confident the new mill will be operating by 1 January 2010.

The development of the mill will be undertaken jointly with a local partner who will provide access to minimum quantities of  oil palm fruit bunches for the mill. Sterling own 70% of the joint venture and will manage the construction and subsequent operations of the mill.

The mill’s capacity will be 45 tonnes per hour in the first phase increasing to 90 tonnes per hour after the second phase. When completed, the mill will have the capacity to supply 100% of the crude palm oil required by Stirling’s nearby biodiesel plant.

Source: WA Business News

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