The agreement was signed through EPS’ German- subsidiary Energiepark Suptitz and is valued at about $121m.
The supply contract is expected to help EPS double its revenues for 2013 besides achieves a robust growth rate.
Eco Ventures Group president Mark Cox highlighted the healthy gross margins of the transaction. , and will enable EPS to continue to generate robust growth.
"Adding $100m in revenue is a game changer," Cox said.
CGT is expected to employ the rapeseed oil as feedstock for biodiesel in Cyprus.
