Financial viability of Mission Biofuels is under the threat in Malaysia (MY)

The Mission Biofuel has a debt to KNM Process system which, KNM is seeking the compulsory liquidation of the company. The total sum of the debt is $16.5 million for equipment and services. If it will happen it leads to unemloyment of 201-500 people.

Ongoing conflict? no
Conflict type Bioenergy governance conflicts
Resources agricultural residues, agricultural products
Issues 1 social, 2 economical, 3 ecological, 4 cultural
Keywords debt, Mission Biofuels, biorefinery, Malaysia
References http://www.biodieselmagazine.com/articles/8898/knm-seeks-payment-from-mission-biofuels https://www.linkedin.com/company/mission-biofuels-india-pvt.-ltd.
Start date 2012
End date 2013
Reason(s) for conflict
Intensity public debate
What are the stakeholders' conflicting values or interests The KNM Process Systems is seeking to liquidate the Mission Biofuels company for the debts, it will consequently cause an unemployment of biorefinery plant owned by Mission Biofuels
Barriers for dialogue Lack of interaction and common activities between the companies to overcome the financial situation
Forums for dialogue Joint activities and actions with involvement of financial institutions
Suggestions for conflict resolution / transformation involvement of external actors who could help in this situation
Comments

Back