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February 08, 2016 10:53 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Milio International Limited

Company Overview

Milio International Limited operates as an oil company that focuses on upstream, midstream, and downstream fuel operations and infrastructure. The company purchases, trades, stores, and delivers term and spot crude oil product cargoes. It also provides crude oil and oil products derivatives trading services. Additionally, the company offers commercial support services. Milio International Limited was founded in 1997 and is based in Dubai, United Arab Emirates with additional offices in London, Moscow, and Nairobi.

40th Floor

Almas Tower

Jumeriah Lakes Towers

P.O. Box 340581


United Arab Emirates

Founded in 1997

Key Executives for Milio International Limited

Milio International Limited does not have any Key Executives recorded.

Milio International Limited Key Developments

Milio International and Territory Biofuels Limited Announces Memorandum of Understanding for the Development of Joint Venture

Lignol Energy Corporation announced the signing of a formal Memorandum of Understanding between Milio International and LEC's subsidiary, Territory Biofuels Limited ('TBF'), for the development of a joint venture. Under the terms of the planned JV, it is anticipated that Milio will fund up to 120,000 tons of feedstock per year as well as facilitate the marketing and sales of the production from TBF's 140 million litre per year biodiesel plant located in Darwin, Australia. At full production capacity this funding is expected to provide working capital funding of approximately $25 million. At full production Milio will provide funding for up to 120,000 tons of feedstock per year and will receive 25% of the net profits earned on the sale of related production. In addition, Milio has agreed to assist in the restart of the Darwin plant with the funding of 1,500 tons of feedstock for an initial startup campaign and up to 10,000 tons for an initial commercial campaign. As additional consideration for this support, Milio will receive funds sufficient to recover Milio's costs and also the provision of $600,000 in shares of LEC or cash by mutual agreement.

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