NAND Nandan Cleantec

TIDMNAND

RNS Number : 3408W

Nandan Cleantec plc

25 January 2013

25 January 2013

Nandan Cleantec plc

Award of Supply Agreement

Nandan Cleantec plc ("Nandan" or the "Company"), a scaled vertically integrated biofuel producer, is pleased to announce its subsidiary Nandan Cleantec Industries Limited ("NCL") has today signed a supply agreement with HK Petroleum Limited ("HK").

HK is a marketing, sales, trading and logistics company focused on the heavy oils sector of the Petroleum industry. Nandan has agreed to produce 12,500 metric tonnes of Methyl Esters and/or Biodiesel collectively per month for HK. This supply agreement of 12,500 metric tonnes represents approximately 50% of the full capacity of Nandan's current processing facility located within the Special Economic Zone in Visakhapatnam, India.

NCL's agreement with HK is contracted to last for a minimum period of 12 months and will be renewed for successive periods of 12 months at each anniversary if both parties agree. It is anticipated that the first sales of Methyl Esters and/or Biodiesel under this agreement will commence in April 2013.

Prasad Moturi, Chairman and Managing Director of Nandan said:

"We are delighted to have come to an agreement with HK and to have been awarded this significant supply contract. This is a resounding endorsement of our capabilities in large-scale processing and we look forward to delivering on HK's requirements in the months ahead."

For more information, please contact:

 
 Nandan Cleantec plc 
 Srinivas Prasad Moturi       Tel: +91 40 6550 7799 
 
 Arden Partners plc 
 Steve Douglas                Tel: 020 7614 5917 
 
 FTI Consulting 
 Matt Dixon / Emma Appleton   Tel: 020 7831 3113 
 

Notes to Editors

About HK Petroleum Limited

HK Petroleum is a marketing, sales, trading and logistics company focused on the heavy oils sector of the Petroleum industry. We provide strategy, solutions and management for numerous petroleum products. Our products include biodiesel fuel, bio fuel, VTB, bunker oil, cutter stock, fuel oil, used oil, Naphtha, heavy fuel oil, feed stock, residual oil, storage tank oil, sludge oil, used lubricants, bunker fuel, off road diesel, VGO and more.

HK Petroleum also supplies blending and bunker companies - domestically and internationally - with off spec oil refinery streams and petroleum products from tank decommissioning pump outs for utility companies, oil storage tank cleanings, inspections and oil tank decommissioning. We handle all the turn-key arrangements from pumping equipment to petroleum logistics needed to move your product to any port in the United States for one of

our customers.

For more information about HK Petroleum Limited visit http://hkpetroleum.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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