Sydney - Tuesday - May 6: (RWE Aust Business News) - Based...

Sydney - Tuesday - May 6: (RWE Aust Business News) - Based on
current performance Mission Biofuels (ASX:MBT) expects to achieve an
EBITDA of around $9 million for the financial year ending 30th June 2008.
During the commissioning phase of the jatropha plant in Malaysia
approximately 3,500 tonnes of biodiesel was produced and of this
approximately 2,500 tonnes has been sold.
Additionally, the plant produced almost 350 tonnes of crude
glycerine, all of which has been converted and sold as pharmaceutical
grade purified glycerine.
The current high feedstock prices make it unviable to produce
biodiesel.
Accordingly, the company has made a decision that it will only
produce biodiesel if it were able to do so profitably.
The company has been investigating several opportunities to
secure moderate quantities of feedstock at reasonable prices which will
allow it to produce and sell biodiesel on a jobbing basis.
For the month of May 2008, the company will profitably produce
and sell approximately 4,000 tonnes of Biodiesel.
Meanwhile, glycerine production is being ramped up to full
capacity of 900 tonnes from May 2008 onwards.
Mission has secured adequate supplies of crude glycerine to
support this interim strategy.