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TheBioenergySite Latest News
Thursday, April 10, 2008
Print This Page Dubai Group invests in biodiesel plant
DUBAI - Dubai Group, a subsidiary of Dubai Holding, has announced that it has invested $49.5m for approximately 30% of Malaysia's GBD Investment Limited, the largest biodiesel plant in the South East Asian region.GBDI has completed construction and commenced production of its 200,000 metric ton (MT) biodiesel facility at Lahad Datu in the state of Sabah, Malaysia.
The company is preparing to commence construction on its phase II facility, which will increase GBDI's biodiesel production capacity to 500,000 MT per annum.
TheBioenergySite News Desk
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