Browse related articlesDubai Group invests in biodiesel plant
United Arab Emirates: Thursday, April 10 - 2008 at 10:44
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.
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Jeff Florian, Senior ReporterThursday, April 10 - 2008 at 10:44 UAE local time (GMT+4)
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