In a statement today, ARFuels said the agreement would see Caltex supply petroleum diesel blended with biodiesel to commercial customers in both states, in a bid to meet the growing demands of the Adelaide and Perth markets.
ARFuels chief executive John Lillywhite said the deal marked a new phase in his company’s operations and supported both the Federal Government’s biofuels targets as well as the SA and WA governments’ sustainability objectives.
“Each of ARFuels’ biodiesel plants can prevent the release of approximately 120,000 tonnes of greenhouse gases annually,” he said.
“This is kept from the environment by the use of equivalent energy created by use of much cleaner and renewable biodiesel.”
US-focused petroleum explorer Amadeus Energy was the founding investor in ARfuels and holds 27.6% of its ordinary shares.