Sterling Biofuels International
Limited (ACN 119 880 492) is a public company limited by shares
incorporated under the Corporations Act. It was listed on
the Australian Stock Exchange on 25 September 2006.
Through its wholly owned Malaysian subsidiary, SPC Biodiesel
Sdn Bhd, Sterling Biofuels has constructed a 100,000 tonne
per year Biodiesel plant in Lahad Datu in the Malaysian state
of Sabah which is ready to commence production.
Building on its biodiesel manufacturing base, the Sterling
Biofuels Group has initiated diversification into upstream
activities namely oil palm plantations and palm oil milling
via its wholly-owned Malaysian subsidiary - SPC Biodiesel
Sdn Bhd. As palm oil is the primary feedstock for the manufacture
of its biodiesel, the participation and investment by the
Group in various upstream activities within the industry value
chain is a logical and complementary extension to its biodiesel
business.
In this regard, the Group will have a plantation arm - Sterling
Plantations Sdn Bhd that will undertake plantation development
and management whilst SPC Palm Mills Sdn Bhd will undertake
the construction and operation of a palm oil mill.
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