4th Nov 2008 14:55
Biofutures International plc
('Biofutures' or the 'Company')
Trading update
4 November 2008
The directors of Biofutures are pleased to announce that on 4 November 2008 they received a letter dated 31 October 2008 from the Ministry of International Trade and Industry confirming the grant of a refinery licence to Zurex Corporation Sdn. Bhd., the Company's wholly owned Malaysian subsidiary, for the production of Refined Bleached Deodorised Palm Oil and Palm Fatty Acid Distillate ("Refinery Licence"). The Refinery Licence will, subject inter alia to completion of due diligence, enable Biofutures to build a palm oil refinery plant on the 14 acres of land acquired by Biofutures at POIC Lahad Datu, Sabah, Malaysia and make progress towards fulfilling its investing strategy, as described to the shareholders of Biofutures in a circular dated 20 May 2008.
For further information please contact:
Julie Pomeroy, Finance Director
Biofutures International plc 0117 920 0092
Emily Morgan, Blomfield Corporate Finance Limited 01275 871 717
Paul Vann 0117 920 0092
Winningtons Financial PR
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