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RNS Number : 9418Q Biofutures International plc 27 October 2011 Biofutures International plc ("Biofutures" or the "Company") Update on Pipeline Installation and Connection Contract 27 October 2011 Biofutures is pleased to announce that its wholly owned subsidiary, Zurex Corporation Sdn. Bhd., has today entered into a contract valued at RM1.1m (approximately £0.23m) with Da Yuen Engineering and Construction for the supply and installation of 4km of pipeline that will connect its refinery with the pipeline-interchange system of the Palm Oil Industrial Cluster (POIC), as mentioned in the Chairman's statement of the 29 September 2011. The completion of the connecting pipeline is beneficial to Zurex as it serves two major purposes. First, it will allow Zurex to ship in crude palm oil in sufficient quantities at more favourable prices from around East Malaysia and Indonesia as compared to the local purchases of crude palm oil supplied by tankers. Second, it will allow Zurex to tap a greater marketplace as compared to the local market in the immediate vicinity of the refinery. Direct sales to overseas markets will provide certainty both in terms of sales and pricing and allow forward planning on the purchase of feedstock, production schedules and use of the refinery. The original expectation, as set out in the Interim Results statement, was that the interchange system and pipeline would be operational at the end of October 2011. However, POIC have now indicated that the interchange will not be ready until the end of December 2011. As a consequence, the installation of the pipes from the Zurex Refinery to POIC's gantries and infrastructure is expected to be completed by mid January 2012.
It goes deeper than that for me I'm afraid - the manipulation is immoral as I believe it is for you CM - shorters will be be chain sawed at dawn.. Along with Rob.. LOL (advise him when the gov have finished with the banks, then its back to binge drinkers) My hump is with LSE - who pay people to antogonise - to increase click rates (adverising revenue). Ban me you LSE feckers - cos I post no more, create images no more, post no more links anymore, etc - Am not dead obviously..... Just have morals and working a different angle. Google loves this http://is.gd/eFEBHG GL & ND zzzzzzzzzzzz
(_0_) _O_ Argh thats better.. Wee rise am ;)
MANCE ON EO
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Nice one ;)
VILL ALL BE BANNED - ADMIN
LEY 283
MIN 2
IN VILL NOT BE HAPPY PMSL
RT LOOKING FOR DA STARTER - DEY VILL BE BANNED!!!!!!
ME PLEASE PLEASE PRETTY PLEASE PLEASE PRETTY PLEASE LOL
LOCKS THE LOT OF YA - IS SAY PILLOKS
U GAY
now - any ideas??
Wish somebody would steel my outboard -LOL (_o_) ooo "Pooooaaaarr"
And here's the news - I love this little share already - cheers.
Did wash my hands - please advise the caretaker. New air freshener required. Some news on production may be looming.
(_o_) ppplllllooopppWoooooosssssssshhhhh __O__ OOOhh feel so much better ;)