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International | December 2012

Biomax sets up JV with MEEP Co for bio-fuel unit

To set up the first bio-fuel plant in Saudi Arabia, Hyderabad-based bio-fuel maker Biomax Fuels has set up a 50:50 joint venture with the Jeddah-based Middle East Environment Protection (MEEP) Co. The $40-million plant, which is expected to be commissioned by 2013-end, will utilise used cooking oil as feedstock, one of the few plants in the world to use this non-food waste feedstock.  

Biomax operates a similar plant in Visakhapatnam, which produces 25,000 tonne of bio-diesel a month for export to Europe.

 

Besides this, it runs an R&D unit in Chennai, which is working on the unitisation of different waste oil, including algae oil, for fuel production.

 

MEEP is a diversified company headquartered in Jeddah having an interest in waste management, real estate and healthcare.

 

M Ravinder, Chairman of Biomax, said that the Saudi Arabian firm will collect and supply the required used cooking oil, while Biomax would set up and operate the plant.

 

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