Sunday, 19 May 2013
South Pacific Bio-fuels nets $50 million invest, mum on identity of investor
South Pacific Bio-Fuels has received a capital commitment of $50 million to underwrite its efforts to acquire an developed land in the South Pacific islands for bio-fuel production.
However, a statement released by the company left the donor's name a mystery.
The generous financial is for a maximum term of 15 years.
The company has previously said it is aiming to raise its production to about 75 million litres a year.
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