Mission NewEnergy Limited Announces Asia's First Fully Integrated Sustainability & Carbon Certified Palm Biodiesel Supply Chain

WASHINGTON, March 15, 2011 /PRNewswire/ --

Multi-Media Enterprises is reporting that Mission NewEnergy Limited has announced the establishment of Asia's first fully integrated Sustainability & Carbon Certified palm biodiesel supply chain. The announcement was made in Australia in the following news release:

Mission NewEnergy Limited (ASX: MBT), a global leader in providing energy from renewable origins, is pleased to announce that Mission and Felda Global Group have entered into a long term supply agreement establishing Asia's first fully integrated ISCC (International Sustainability & Carbon Certification System) certified palm biodiesel supply and production chain.

Felda Global Group, one of the world's largest (Malaysian) palm oil producers, in collaboration with Mission, recently completed ISCC certification of two of its mills and eight plantations in Peninsular Malaysia. Mission's 100,000 tpa plant in Kuantan was the first biodiesel facility outside Europe to gain full ISCC certification.

Under the arrangement, Mission and Felda Global Group will work together to extend the certification program to additional Felda mills and plantations, further expanding the available supply of ISCC certified biodiesel through Mission's refineries.

"Mission and Felda's certification constitute full supply chain carbon emissions reporting to demonstrate compliance with German and European GHG savings targets", said Nathan Mahalingam Group CEO of Mission.

In a recent press release by Felda Global Group, its Group President Dato' Sabri Ahmad, said: "The certification underscores Felda's sustainability practices. Given that the Felda Global Group is pushing ahead aggressively into biofuels, the ISCC provides the Group with the edge to compete in the international market. Apart from meeting many requirements for Roundtable for Sustainable Palm Oil (RSPO) certification, the ISCC certification also complies with the European Union's Renewable Energy Directive (RED)."

Currently, ISCC is required for companies wanting to supply biofuel or bioliquid in Germany, which provides subsidies, tax exemptions and other privileges to biofuel users. It was written into law in Germany in November 2010.

"The Renewable Energy Directive requires a minimum of 35% saving in greenhouse gas (GHG) emissions from the use of biofuels and bioliquids to qualify for the subsidies and other privileges. Using our Crude Palm Oil to produce biofuel will result in GHG savings of 47% and 41%, respectively.

"The ISCC programme will be carried out at other Felda plantations and mills soon. The certification is important to Felda Global Group as it has identified renewable energy as a new focus area to enhance revenue by monetising by-products from palm oil" said Dato' Sabri.