Construction on the 66,000 ton per annum Spent Bleached Earth solvent extraction facility in January 2012 and the facility will be fully operational by September 2012.
The facility will allow Mission to recover palm oil from waste material in the palm oil refining process.
Mission Group CEO Nathan Mahalingam said the facility will reduce waste being sent to the landfill, create jobs and provide Mission with a low cost, environmentally friendly raw material to produce biofuels.
Mission has secured agreements and understandings with almost all the palm oil refiners in the State of Sabah to provide a supply of SBE to the facility.
The facility is expected to cost about CNY30m ($10m), and will be funded with equity and debt from a Malaysian commercial bank.
