Singapore, April 10, 2008: Dubai Group, the financial services company of Dubai Holding, has invested $49.5 million for approximately 30 percent of Malaysia’s GBD Investment (GBDI), the largest biodiesel plant in the South East Asian region.

 

GBDI has completed construction and commenced production of its 200,000 metric ton 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 metric ton per annum. GBDI’s plant has the ability to use both palm oil and jatropha as feedstock.

 

The facility will produce biodiesel and pharma-grade glycerine under the European (EN) and American (ASTM) standards for global market. GBDI has already signed off-take agreements for all of its production.