SOURCE: Renewable Fuel Corp

February 17, 2009 11:15 ET

Renewable Fuel Corp Business Accelerates

LAS VEGAS, NV--(Marketwire - February 17, 2009) - Renewable Fuel Corp (RFC), a worldwide producer and distributor of biodiesel, announced today that it is achieving a record pace expanding its business. The company is immediately seeking off-take agreements for the purchase of biodiesel from producers in Malaysia to fulfill contract requirements.

The company has recently opened a new corporate operations office in Kuala Lumpur which will manage the operations of its biodiesel refineries and distribution facilities. Biodiesel refiners in Malaysia with product available for sale should contact this office to arrange purchase agreements.

"By good fortune and hard work we are achieving results in the biodiesel marketplace that place RFC ahead of plan," said Richard Henderson, President of Renewable Fuel Corp. "The prospects for the future could not be brighter with the new Obama administration and its $150 billion program to support not just biodiesel but many renewable energy initiatives. That, combined with renewable biofuel initiatives worldwide, means RFC is extremely well positioned in the world market."

"We are in the best possible locations with Malaysia, a key center of commerce in Southeast Asia and its most pro-business approach, combined with United States for distribution, sales and marketing," said William Van Vliet, Chairman of Renewable Fuel Corp. "This combination leverages low cost feedstock and manufacturing with high usage market outlets. The world is rapidly accelerating its use of biodiesel and we are there as a key provider at the most opportune time."

In a recent report by Merrill Lynch, industry leading analysts discuss that we are entering a new age of the "Cleantech Revolution"; as with the prior modern age technology revolutions starting with the industrial revolution in the 1700s, through the IT revolution in the 1970s this new age may be the most important to the modern age as we move from petroleum-based energy to renewable-based fuels and energy. The report pegs the growth in biofuel at a projected rate of fifteen percent per year for the next ten years. Add to that the US government support of renewables under the new Obama administration and investors have an opportunity for investment in cleantech that will likely revolutionize large segments of the economy, including the utility, oil and gas, and auto industries.

About Renewable Fuel Corporation

Renewable Fuel Corp is a premier provider of biodiesel and fuel solutions worldwide. The company operates a biodiesel facility in Kuantan, Malaysia that produces biodiesel for sale in the United States and Europe. Renewable Fuel Corporation produces all of its biodiesel to ASTM and EN diesel standards. Additionally Renewable Fuel Corporation distributes diesel fuel and provides custom biodiesel blends to customer requirements for renewable fuel mandates in the United States and worldwide.

Contact Information

  • For Information Contact:
    Renewable Fuel Corp, USA
    +1.702.989.8978 ext 1040
    Email Contact

    Renewable Fuel Corp, Malaysia
    31C-3, Kelana Mall
    Jalan SS 6/12,
    47301 Petaling Jaya,
    Selangor, Malaysia