On 2 June 2011, Mission launched the Malaysian B5 Palm Oil Biodiesel blending mandate and anticipated to commence sales into the mandate in July 2011.
The mandate obligates all oil majors in Malaysia, namely Petronas, Shell, Esso, Chevron and Boustead Petroleum Marketing to reach a 5% biodiesel blend by 1 November 2011 for the central region of Malaysia.
The company said the ramp up period will allow the supply chains to be finalized and optimize logistics, and during the ramp up period, the company will provide about 2,500 tonnes of biodiesel.
The company has started early sales through direct purchase orders ahead of anticipated longer term sales contracts in November this year.
