LEC Acquires Stake in Neutral Fuels to Develop Biodiesel Program for Asia Pacific/Middle East/Africa Region

by Staff

September 17, 2013

1 min to read

Lignol Energy Corp. plans to provide funding of A$4,070,000 to acquire a 40 percent equity stake in Neutral Fuels Parent Company (Neutral Fuels) and a 51 percent interest in Neutral Fuels’ Australia and New Zealand biodiesel operation, Neutral Fuels ( Melbourne ) Pty Ltd. (NFANZ).

These funds will be used in the deployment of closed-loop biorefineries throughout the Asia Pacific/Middle East/Africa region as part of the McDonald's Restaurants’ used cooking oil biodiesel program. As part of the existing agreement with McDonald's, Neutral Fuels currently operates two closed loop biorefineries in Dubai, United Arab Emirates and Melbourne, Australia .

"Neutral Fuels has developed world-class biorefineries employing state-of-the-art processing technology which has established them as an emerging leader in the niche of small scale biofuel operators," said Ross MacLachlan, CEO and Chairman of LEC. "We are excited to be involved in this commercial venture. Their novel business model and collaboration with McDonald's is an attractive and sustainable model both in terms of the environment and in commercial terms."

Topics:Biodiesel Global Fleet

More Global Fleet

The Top 300 Commercial Fleets

The Top 300 Commercial Fleets: See the List

The Top 50 Green Fleets

The List Is in: The Top 50 Green Fleets

Two people sit across from each other at a desk during a business meeting. One person, wearing a white shirt, has their hands folded while the other gestures with a pen toward documents clipped to a clipboard. Additional paperwork and a calculator are visible on the table, suggesting a discussion involving contracts, finances, or administrative paperwork. Sunlight filters through window blinds in the background, creating a professional office setting.

Cameras, Safety and Insurance: From Reactive Claims to Real-Time Prevention (Part 2 of 2)

Part Two: Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Continue learning more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab

From Our Partners

Cameras, Safety and Insurance: From Reactive Claims to Real-Time Prevention (Part 2 of 2)

Cameras, Safety and Insurance: From Reactive Claims to Real-time Prevention

Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Learn more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab.

Cover of a whitepaper titled “The Hidden Costs of Departmentally Assigned Vehicles on Your Fleet” featuring a black fleet vehicle driving on a road at sunset. Subheadline reads: “Discover how your fleet can reduce costs and minimize risk by implementing vehicle sharing.” The document focuses on fleet optimization, vehicle sharing, cost reduction, utilization tracking, and risk management for fleet operations.

Why Fleet Managers Are Replacing Departmental Vehicles with Shared Motor Pools

Departmentally assigned vehicles often create hidden costs through underutilization, poor visibility, and increased administrative burden. This white paper explores how shared motor pool strategies help fleets reduce costs, improve accountability, and optimize vehicle utilization.

Fleet Costs Are Rising: Here’s How Leaders Are Responding

Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.