New IPO to convert waste plastic to low sulphur diesel

The proceeds of the IPO will be used to:

Acquire the Laverton plant and one of Victoria’s largest used cooking oil collection businesses from The Victor Smorgon Group; Upgrade the Laverton plant to increase production capacity to 100 million litres of biodiesel per annum; Fund the construction of two plants to produce Low Sulphur Diesel from waste plastic; and Provide for working capital.

Key Dates

Prospectus Date 17 August 2005 Offer Opened 9.00am 29 August 2005 (EST) Offer Closes 5.00pm 29 September 2005 (EST) Allotment and Issue of Shares 29 September 2005 Expected Dispatch of Security Holding Statements 3 October 2005 Expected Commencement of ASX Trading 11.00am 10 October 2005