Beatrice Biodiesel, LLC.
Nebraska, United StatesAgri Energy Limited is developing a fully integrated agri-energy complex in South Eastern Nebraska. The complex consists of a 60Mgpy biodiesel production facility, a cogeneration plant, oil seed crusher and 55Mgpy ethanol production facility.
Stage one of the agri-energy complex, the Beatrice Biodiesel Project was scheduled to come on line in late 2007. Start up has been delayed due to funding shortfall for construction completion and working capital requirements. It is a second generation, solid catalyst process, one of the largest biodiesel plants in the United States and the lowest operating cost production facility in North America.
The Beatrice Biodiesel Project will process soy oil and methanol to high quality biodiesel and glycerine which is sold under contracts with Provista Renewable Fuels Marketing, a joint venture between US BioEnergy Inc and CHS Inc, and Cargill.
The Group’s green strategy is to eliminate totally the use of fossil fuels in the production process.
For further information on the Beatrice Biodiesel Project, click here
Australia
In October 2007, the Company took the decision to defer any biofuel development in Australia pending a rationalisation of the industry. There remains too much uncertainty in feedstock costs, biofuel markets, government legislation and consumer acceptance in the Australian market.
The Group have a number of biofuel projects planned in Australia and will continually review the market conditions and investor opportunities.
Central Europe
Agri Energy Limited is developing a fully integrated agri-energy complex in Central Europe. The complex consists of a 200,000tpy oil seed crushing facility, a cogeneration power plant at Hódmezővásárhely in Southern Hungary and biodiesel production facility at Ennsdorf in Austria.
The Group strategy is to provide a lower cost feedstock from Central and Eastern Europe into the lucrative Western European Biodiesel Industry.
The Company have completed a definitive feasibility study for the agri-energy complex. A debt information document has been prepared and financing discussions are well advanced.
The Company intend to bring a local partner into the European business with a view to commencing engineering on the Project in the first quarter of 2008.
Project finance discussions are well advanced with major European lending groups.
Background
Agri Energy Limited is the only investment group developing a global ethanol and biodiesel business.
Agri Energy Limited is focused on identifying and developing cost competitive opportunities in global agriculture for the production of green energy.
Agri Energy Limited is listed on the Australian Stock Exchange (code AAE) in the Energy and Mining sector.
Agri Energy Limited, through wholly owned subsidiary companies, is developing fuel ethanol and biodiesel operations in the major international transport fuel markets.
FUELING OUR FUTURE
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