Transcu Group to develop new biodiesel

Transcu Group Ltd., a knowledge-based company headquartered in Singapore, announced that its joint venture partner, Nanomizer Pte. Ltd. through its wholly owned subsidiary Nanomizer Inc. has entered into an outsourcing agreement with New Energy and Industrial Technology Development Organization in Japan to undertake the development of a new type of biofuel using crude palm oil. If the project is successful and goes into commercialization, Transcu’s subsidiary, Transcu Green Fuel Pte. Ltd. would have the exclusive rights to promote, market, distribute and sell this system and its related products globally. (November 8, 2010)