Amiworld to Supply Biodiesel and Petroleum Diesel to Odin Energy's Mixing Plant
Posted on: Thursday, 13 November 2008, 09:00 CST
Amiworld has signed an agreement with Odin Energy, a wholly owned subsidiary of JASB of New York, to supply biodiesel and petroleum diesel to its planned mixing plant and to subsequently sell the mixed products.
Odin Energy has announced that it is in the process of negotiating the purchase of approximately 2.5 acres of land adjacent to land currently owned by Amiworld. It is anticipated that construction of the new mixing plant will be completed by the middle of 2009.
Once completed the Odin Energy mixing plant will be capable of producing a number of biofuel blends, such as B5, which is mandated in Columbia, for distribution to the Columbia Atlantic coast and other percentages such B7, B10, or B20 to meet the requirements of various national governments.
The new mixing facility is designed to utilize product from the company's biodiesel plant in Santa Marta, Colombia, which has a current output of 3,000 tons per month and is the only government certified biodiesel plant in Colombia, and from the company's petroleum diesel refinery, which has a current refinery output of 65,000 barrels of petroleum diesel per month.
Mamoru Saito, CEO of Amiworld, said: "We greatly welcome the agreement we have reached with Odin Energy and its expansion efforts since it will facilitate our ability to mix biodiesel and petroleum diesel on site. This expansion will also enable Amiworld to meet the growing demand for specific mixtures and enable us to export our products to international markets."
Source: Datamonitor
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