U.S. W2 Energy Set to Buy Malaysian Biofuel Maker

W2 Energy signed an agreement worth $5.5 million to buy 51 percent of AM Biofuels, based in Malaysia. The acquisition will expand W2’s fuel business in Southeast Asia, as the company continues a strategy of production, blending and distribution of biofuels. AM Biodiesel’s plant, licensed under Malaysian Palm Oil Council, has the capacity of 30,000 Metric Tons per year of biodiesel production.

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