I'm not sure when NFL will be reporting but BEI (the other half of their joint venture for the Darwin plant) reported today.
They had this to say about the Darwin plant:
"Natural Fuels Australia (NFAL) – construction complete: The NFAL loss attributable to BEI was $1.7 million. The NFAL result was affected by a delay in commissioning of the biodiesel plant in Darwin and a period of volatility in the vegetable oil markets including palm olein, the key input for NFAL’s biodiesel process."
A loss of $1.7m to me sounds pretty good considering the progress to date on the Darwin plant. I think this bodes well for the future and expect to see a profit on the Darwin plant in 2008.
BGC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
