BGC bridge global capital management limited

Pharmaceutical grade glycerine, according to NFL, is selling for...

  1. 12,407 Posts.
    lightbulb Created with Sketch. 2457
    Pharmaceutical grade glycerine, according to NFL, is selling for up to US$1,800 in South East Asia.

    12,250 mta at Darwin, 50% owned with BEI (currently under a takeover offer from BNB)
    60,000 mta at Singapore, 100% owned by NFL

    Costs? Two main input costs are crude glycerine and methanol. Methanol is around US$500/t, no idea on cost of crude glycerine.

    Demand for pharmaceutical grade glycerine is large as it is used in a vast number of products (ie paint, additive in foods, etc), Australia for instance is a net importer, the last I read was that production capacity in Australia was under 9 mta, excluding NFL's Darwin plant. It is an alternative to mineral oil products hence the high crude oil price is a driver to demand for pharmaceutical grade glycerine.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.