Hawley, have a listen to the Board Room Radio interview with...

Hawley, have a listen to the Board Room Radio interview with chairman Richard Selwood from earlier today.

http://www.brr.com.au/event/40553

Glycerine production is due to start in Singapore plant following the Chinese new year.

Sales of refined glycerine shouldn't be a problem, sounds like most will be sold into China and the market is very strong at the moment. Crude glycerine for the current quarter is already sourced. Sale price increases have kept match with feedstock price increases so this should be quite positive for NFL.

They are on track with planned cost reductions, aim is for 20% reduction in fixed costs.

Interesting to hear him mention algae as a possible long term feedstock option as I've not heard that put forward as an option by NFL to date.

Additional contracts for feedstock supplies are currently being reviewed by the company so could be some announcements in this area in coming weeks/months.

All in all things are sounding more positive.