Ecodiesel Limited’s $4.5 million Convertible Notes

For immediate release

30 September 2009

Ecodiesel Limited’s $4.5 million Convertible Notes Offer

Investors are being offered an attractive opportunity to be part of New Zealand’s emerging biodiesel industry through a convertible notes issue from New Zealand biodiesel manufacturer, Ecodiesel Limited.

Ecodiesel produces a high-quality, sustainable biodiesel using tallow, a by-product of the meat processing industry.  Ecodiesel’s biodiesel is approved for use under the New Zealand Engine Fuel Specifications Regulations 2008.

Ecodiesel is the only New Zealand biodiesel manufacturer whose biodiesel has been blended and sold at the pump to New Zealand retail consumers. 

“Biodiesel has clear environmental advantages over petroleum diesel,” says Ecodiesel Chief Executive Officer, Gary Brockett.  “We believe New Zealand industry and consumers are increasingly interested in how renewable fuels, like biodiesel, can complement mainstream fuels for environmental advantage.” 

“Internationally, biodiesel markets have grown substantially in the past decade.  Since 2001, the combined growth in the US and European Union biodiesel markets has been around 800%.”

“The New Zealand biodiesel industry is expected to grow strongly in coming years.  At present, New Zealand is one of the only OCED countries without its own active, biodiesel industry.  Our convertible notes issue offers investors the opportunity to be part of this emerging industry.”
 
Ecodiesel Limited is issuing a $4.5 million fixed rate convertible notes offer.  Interest will be paid at 15% per annum maturing in September 2014. The convertible notes are unsecured, subordinated, fixed rate debt obligations of Ecodiesel Limited and are offered by Ecodiesel Limited on the terms and conditions set out in the combined prospectus and investment statement dated 24 September 2009.

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