May 22, 2007

Caltex Australia signs ethanol contract

Caltex Australia has signed a new contract for Dalby Bio-Refinery Ltd to supply ethanol to the fuel giant from its ethanol plant to be constructed in Queensland.

The plant would be built at Dalby in the Darling Downs area in Queensland.

Under the contract, Dalby Bio-Refinery would supply Caltex Australia with 30 million litres of ethanol annually for three years.

This would occur from the date of completion of the plant which is expected to be next year.

The new contract incorporates the ethanol supply volume agreed under a much smaller contract with DBRL that was announced in December 2005.

Caltex also has contracts in place with other suppliers for ethanol in existing New South Wales and Queensland plants.

Source : au.news.yahoo.com

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