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‘Arawa biodiesel plant not for sale’ THE biodiesel plant in Arawa belongs to the people of Bougainville and is not for sale.Spokesman for Bogenvil Resources Development Corporation (BRDC) Ltd, Ben Rasin, said this in response to rumours that the project is to be sold to interested buyers by international investor Bougainville Investment Corporation.Mr Rasin said the biodiesel plant was established by BRDC to transform raw copra into biodiesel fuel and is one of the impact projects for the Government and people of Bougainville.He said it is a joint venture between BRDC which owns 75 per cent and former stakeholder Invincible Resources Corporations which owned 25 per cent at the time the plant was established from which Bougainville Investment Corporation took over.He said the project is not a stand-alone business as such operations are not allowed in Bougainville by foreign investors.“If Bougainville Investment Corporation has any plans to sell the plant, then it should do so in consultation with BRDC personnel on the ground and should not do it in isolation of BRDC,” Mr Rasin said