NAND Nandan Cleantec

TIDMNAND

RNS Number : 8338L

Nandan Cleantec plc

16 August 2013

16 August 2013

Nandan Cleantec Plc

EPA Certification & Resignation of Non-Executive Director

Nandan Cleantec plc ("Nandan" or the "Company"), a scaled vertically integrated bio fuel producer, is pleased to announce it has now received certification from the Environmental Protection Agency ("EPA") in the US.

Certification with the EPA will benefit US importers as the Biodiesel produced at our Indian facility will be eligible for "Renewable Identification Number" (RINS) generation and other tax incentives as per US laws.

It was anticipated that the sales of Biodiesel would recommence in April 2013, however this was delayed as this EPA certification has taken longer than expected due to administrative delays. Nandan is now in a position to commence production from its facility in India to service orders from its US client.

Resignation of Non-Executive Director

Furthermore Nandan announces that Non-Executive Director, Bhaskar Rao Volam, will leave the Company with immediate effect to concentrate on his other business interests.

Prasad Moturi, Chairman and Managing Director of Nandan said:

"We are delighted to have received EPA certification and we look forward to delivering to our US client in the months ahead".

"I, and on behalf of the other members of the Board, would like to take this opportunity to thank Mr. Bhaskar Rao for his service and active role in Nandan and we wish him well for his future endeavours".

For further information:

Nandan Cleantec plc

   Srinivas Prasad Moturi                                        Tel: +91 40 6550 7799 

Arden Partners plc

   Steve Douglas / Jamie Cameron                           Tel: 020 7614 5917 

FTI Consulting

   Matt Dixon / Emma Appleton                               Tel: 020 7831 3113 

This information is provided by RNS

The company news service from the London Stock Exchange

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