From the financial news this morning.
Thought it might interest a few of you.
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Babcock plans $45m biodiesel plant for
Darwin
09:50, Friday, 8 July 2005
Sydney - Friday - July 8: (RWE Australian Business News) -
Babcock & Brown Environmental Investments Ltd (ASX: BEI) reports key
contracts had been signed for the construction of a $45 million
biodiesel manufacturing facility in
Darwin.
Construction is due to commence in late July with completion
targeted for August 2006 and production expected in September 2006.
Mr Gary Levin, Managing Director of Babcock & Brown
Environmental Investments, said contracts had been finalised with Lurgi
Pacific for the design and construction of the plant, and that Vopak
Asia Pacific would be investing $27 million in fuel storage and
infrastructure facilities.
"Both Lurgi and Vopak are highly regarded global leaders in
their fields and the ongoing relationships strengthen our capabilities
and capacity in the Australian market," Mr Levin said.
Also, other reading at Australian Renewable Fuels about their biodiesel plant in
Adelaide.
See ya's.
Wazza.