NEW YORK--(BUSINESS WIRE)--Amiworld, Inc., an international energy company engaged in the production and distribution of diversified fuel products and services with a focus on emerging global economies, today announced it has reached an agreement with Odin Energy Corporation (Panama Corporation), a wholly-owned subsidiary of JASB of New York Corporation (Amiworld’s principal shareholder), to supply biodiesel and petroleum diesel to its planned mixing plant and to subsequently sell the mixed products.
Mr. Mamoru Saito, CEO of Amiworld, stated, “We greatly welcome the agreement we have reached with Odin Energy Corporation and its expansion efforts since it will facilitate our ability to mix biodiesel and petroleum diesel on site. This expansion will also enable Amiworld to meet the growing demand for specific mixtures and enable us to export our products to international markets. Amiworld anticipates additional sales of its products purchased by this affiliate and will also receive a sales fee equivalent to 2.5% of all sales, which Amiworld anticipates to be approximately $2.4 million per year.”
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