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