Hawley,Going on your gate pricing minus GST and at current palm...

Hawley,

Going on your gate pricing minus GST and at current palm olein pricing that would suggest that Singapore is borderline breakeven on EBITDA figures previously provided by BEI* (allowing for extrapolating the figures as the table doesn't quite go high enough). Assuming of course that NFL could sell biodiesel for $1.31/l.

It will be interesting to see what happens with feedstock prices from here.

* Based on a presentation BEI made and announced to the market on 12/9/07.