Another unrefined jatropha oil sale for Mission NewEnergy

By Mission NewEnergy Ltd. | May 04, 2011

Mission NewEnergy Ltd. announced that it has sold an additional 280 barrels (38 tons) of unrefined jatropha oil to a new customer in Southeast Asia.

Mission sold the jatropha oil for more than $145 per barrel.

“We continue to see robust demand in the global market for unrefined jatropha oil,” said Nathan Mahalingam, Group CEO of Mission. “We expect that we will continue to be able to sell all of the jatropha oil that we can produce at premium prices to crude oil.”

Mahalingam continued, “We believe that the substantial premium for crude jatropha oil relative to crude oil is the result of the global shortage of sustainable biofuels oils.”

Over the next 30 years, the existing acreage currently under cultivation by Mission’s farmers is expected to produce 22 million barrels, or $3 billion worth of sustainable nonfood oil supply at today’s selling price. 


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