Company Information for Sterling Biofuels International Limited

ASX-SBI

www.sterlingbiofuels.com

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Company Statement

Sterling Biofuels International Limited (ACN 119 880 492) is a public company limited by shares incorporated under the Corporations Act. It was listed on the Australian Stock Exchange on 25 September 2006.

Through its wholly owned Malaysian subsidiary, SPC Biodiesel Sdn Bhd, Sterling Biofuels has constructed a 100,000 tonne per year Biodiesel plant in Lahad Datu in the Malaysian state of Sabah which is ready to commence production.

Company Diagram

SPC Biodiesel's brand new multifeedstock biodiesel plant

Geographical Spread

SPC Biodiesel Sdn Bhd is a wholly owned subsidiary of Sterling Biofuels International Limited. Its principal activities are:

To construct and operate a 100,000 tonnes per annum biodiesel manufacturing plant in Lahad Datu, Sabah; and
To manufacture and sell biodiesel to global markets – in particular, Europe.
The biodiesel will be made from palm olein (refined form of palm oil).

Strategic Location

To this end, SPC Biodiesel has acquired 10 acres of land within a purpose-built industrial park, known as the Lahad Datu Palm Oil Industrial Cluster, for the construction of the plant. This industrial park is being developed by the Sabah state government on the east coast of Sabah and is dedicated to palm oil related industries.

The location of the plant within the industrial park in Lahad Datu will allow SPC Biodiesel to take advantage of dedicated facilities, a deep water port and well established refining and oil handling infrastructure.

Feedstock & Offtake

The location of the plant in the hub of the Palm Oil region in Sabah ensures abundant supply of feedstock for the plant.

SPC Biodiesel has secured the sale of its entire production of Biodiesel to an international energy trader.

Production Technology

SPC Biodiesel utilises proven biofuels technology sourced from De Smet Engineering (SEA) Pte Ltd, part of the Desmet Ballestra Group, an international supplier of oleochemical equipment.

Board of Directors and Key Management

Non-Executive Chairman	Alister T Maitland, FAIM SFFin FAICD BCom

Group Managing Director	CRS Paragash, FCA (England & Wales)


Group Executive Director	Andrew Phang, FFin LLM (Melb) LLB (Syd)

Non-Executive Director	Shariffuddin Khalid, ACMA (UK)

Non-Executive Director	Adam Sierakowski

Company Secretary/Chief Financial Officer	Tony Walsh BCom MBA CA

Company Address

Ground Floor
16 Ord Street
West Perth
West Perth, Western Australia, Australia 6872


Telephone:	+618 9324 8583
Facsimile:	+618 9324 8586
Email:	sales[at]sterlingbio.com
Website:	http://www.sterlingbiofuels.com

Additional Address/Key Contact

Mr. Tony Walsh
Company Secretary of Sterling Biofuels International Ltd
twalsh@sterlingbiofuels.com

Broker/Analyst Reports

20/12/06 - BBY Limited

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