Golden Agri plans to build biofuel plant next year

Golden Agri-Resources, Singapore-listed holding company of crude palm oil producer PT Sinar Mas Agro Resources and Technology (SMART), plans to build a biofuel plant in 2014 with an investment of between US$100 million ($124 million) and US$500 million, said Chief Executive Franky Widjaja. (Bisnis Indonesia)

SMART also said it booked a net profit of US$158 million in the first half, down 41.5% from last year's US$270 million on revenues that grew 9% to US$3.1 billion.