ABJ australian biodiesel group limited

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    http://imagesignal.comsec.com.au/asxdata/20080519/pdf/00843346.pdf

    Australian Biodiesel Group Limited ACN 096 687 839
    Registered Office: Suite 1, level 2, The Grafton Bond Building, 201 Kent Street, Sydney Australia
    e [email protected] www.abgbiodiesel.com
    ASX ANNOUNCEMENT
    (ASX: ABJ)
    19 May 2008
    ABG is chosen as preferred technical supplier for offshore
    biodiesel plant
    ABG is pleased to announce that it has been chosen by a subsidiary of a major offshore
    energy company as the preferred supplier for the design, engineering and commissioning
    services for a Biodiesel production facility. The offshore market has considerably more
    favorable regulatory conditions to biodiesel production than those of the Australian market
    place. The project is subject to local planning and government approvals, final financial
    close and contract negotiation.
    The technology offer is closely modelled on ABG’s successful Narangba facility using the
    company’s proprietary fully continuous flow technology. The low capital cost of the
    facility coupled with proven robust technology capable of processing a wide range of
    feedstock efficiently were among the chief factors in making ABG the preferred supplier
    of technology.
    ABG is pleased with the acknowledgement of an offshore party taking up its technology,
    however remains mindful of the regulatory and contractual negotiations to be completed
    before the project receives final approval.
    ABG will keep the market appraised of the situation in the coming weeks.
    Further information:
    Mr Bevan Dooley
    CEO
    0404 467 024
 
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