Making Biodiesel

KUALA LUMPUR: Carotech Bhd plans to more than triple its biodiesel production to 125,000 tonnes a year, as it ramps up its core business activity of producing vitamins from palm oil.
The firm, a 55% subsidiary of Hovid Bhd, produces Vitamin E extracted from crude palm oil, and in the process gets biodiesel or palm […]

Ormat Industries (TASE: ORMT) today announced that it sold 4 million shares in its subsidiary OPTI Canada for $69 million in order to finance its entrance into the field of biodiesel.
Prior to the sale, Ormat Industries had an indirect stake of 7.5% in OPTI, its stake was diluted to 5.3% by the sale.
Ormat Industries had […]