October 12, 2012
Eco Ventures to supply 90,000 tonnes rapeseed oil to Cyprus
Eco Ventures Group, producer of diversified sustainable alternative energy and resources, will supply 90,000 tonnes of rapeseed oil to Cyprus' CGT Trading over the next 15 months.
The agreement was signed through EPS' German- subsidiary Energiepark Suptitz and is valued at about US$121 million.
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 US$100 million in revenue is a game changer," Cox said.
CGT is expected to employ the rapeseed oil as feedstock for biodiesel in Cyprus.
