Mission Achieves the World’s First Jatropha ISCC Certification
October 24 2011 - 11:53AM
Business Wire
Mission NewEnergy Limited (NASDAQ:MNEL) (ASX:MBT), a
global provider of environmentally sustainable biofuels, today
announced that the Company has received the coveted International
Sustainability and Carbon Certification (ISCC) for its Jatropha
contract farming model, a world first for any Jatropha business. To
qualify for ISCC certification, companies must meet strict criteria
for sustainable production, as well as reduced emissions of
greenhouse gases. The ISCC was developed to certify that biofuels,
and biomass for biofuels are produced in compliance with recent EU
legislation that requires all biofuels and biomass in Germany to be
certified according to the EU-RED requirements.
As part of this pilot certification process, a selection of
Mission’s Jatropha contract farmers in India underwent intensive
audits to evaluate the sustainability of their farming practices
and processes, as well as traceability of product produced within
the supply chain. With this pilot certification Mission can
continue to obtain certification for its entire contract farming
operation.
“We believe that this certification, achieved with the
assistance of our proprietary “Mission Agro Technology (MAT)
platform, creates a benchmark for the Jatropha industry to meet the
highest standards of commitment to sound agricultural practices,
detailed traceability and production processes,” said Nathan
Mahalingam, CEO of Mission. “The European biodiesel market
represents a multi-billion dollar opportunity and we are honored to
be the first commercial scale provider of Jatropha to receive this
important endorsement.”
Mission’s 194,000 acres of planted Jatropha have a 30-year
supply of some 22 million barrels Jatropha oil, which is cost
competitive with crude oil at approximately US$52 per barrel.
Dr. Norbert Scmitz, Managing Director of ISCC Systems said, "By
growing Jatropha Mission New Energy offers an additional income
source for thousands of poor farmers in India. This shows that
biofuels can have a positive impact for people in rural areas. The
certification of Mission New Energy also shows that ISCC can be
applied to proof the sustainability of the operations of large
numbers of smallholders."
Based on the favorable outcome of this ISCC process, Mission is
well positioned to petition regulators in the United States for a
similar approval.
About Mission NewEnergy
Mission NewEnergy Limited is a global provider of sustainable,
renewable energy. Operating in Asia, India, Australia, Europe and
North America, Mission NewEnergy is a biodiesel producer and one of
the world’s largest Jatropha plantation companies. At full capacity
we can produce 105 million gallons of biodiesel and have over
194,000 acres of plantation representing a sustainable non-edible
oil supply of an estimated 22 million barrels. Jatropha Curcas, an
inedible biofuel feedstock, is being cultivated by Mission’s
contract farmers on marginal lands. Through the realization of
Jatropha by-product value, Mission is working towards a zero cost
of sustainable non-edible fuel source.
About Jatropha
Jatropha Curcas is a tree that grows on marginal lands and which
produces an inedible seed containing oil. The Jatropha oil is an
ideal biofuels feedstock. The Jatropha tree begins to yield seeds
from the third year, which then provides an annual supply of oil
for thirty years. Each acre planted is expected to provide 115
barrels of Jatropha oil over its 30 year productive life.
About MAT
Mission’s proprietary MAT platform, is a sophisticated
technology based farmer support system, used to monitor and manage
Mission’s over 100,000 contract farmers. The system allows Mission
to accurately record the GPS position of Mission’s network of
contract farmers along with a detailed determination of their
Indirect Land Use. The MAT system has played a critical role in
enabling the ISCC certification of Jatropha contract farming.
About ISCC
The ISCC is a Sustainability Certification system that is
recognized by both the German Government and the European
Commission. It is designed to prove both Sustainability and Green
House Gas emission reductions for all kinds of Biomass and
Bioenergy in accordance with the European Unions Renewable Energy
Directive (RED), and the Fuel Quality Directive (FQD). ISCC was
developed with financial support from the German Ministry of Food,
Agriculture and Consumer Protection.
For more information and a copy of this announcement, please
visit: www.missionnewenergy.com.
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