The six-month contract will begin in January 2012 and is expected to generate revenue in excess of $40m.

Mission NewEnergy group CEO Nathan Mahalingam said the company’s fully certified biodiesel under the International Sustainability & Carbon Certification System (ISCC) enhances the company’s position in the European market.

"While we continue to see refining opportunities for ISCC palm biodiesel, keen interest continues to be expressed in Jatropha based biodiesel globally," Mahalingam said.

Mission NewEnergy is a provider of energy from renewable sources and a Jatropha plantation company.