Mission NewEnergy signs deal with Velero Energy
Biodiesel refiner Mission NewEnergy has signed a $US3.5 billion ($3.8 billion) five-year off-take agreement with US energy group Valero, leading its share to rise up to 13 per cent.
Biodiesel refiner Mission NewEnergy has signed a $US3.5 billion ($3.8 billion) five-year off-take agreement with US energy group Valero, leading its share to rise up to 13 per cent.
Mission announced on Friday it had signed a binding five-year deal to provide a subsidiary of Valero with up to 200,000 tonnes of biodiesel annually, which Valero can double if it chooses to.
AAP
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