Mission NewEnergy Limited (NASDAQ:MNEL) is an Australian based company which makes biodiesels to be sold wholesale. Mission NewEnergy has contracts with farmers in India who grow an inedible seed called Jatropha. These seeds are then crushed in Malaysia and turned into biodiesel fuels. This process can generate a gross margin when the price of crude oil is roughly above $52.15 per barrel ($1.25 per gallon).
Mission NewEnergy expects that two main factors will increase the demand for bio fuels such as their biodiesel. First, the rising oil prices will push demand for alternate sources of energy and make biofuels financial possible. The increasing scarcity of oil will drive up oil prices. Second, the addition of U.S. Environmental Legislation will cause standard oil sources to become less viable. 
The company's initial public offering of stock on the NASDAQ occurred on April 19, 2011. The company offered 2.8M shares each for $9. The lead underwriters of the deal were Chardan Capital Markets and Rodman & Renshaw Capital (RODM).
For the full year 2010 Mission NewEnergy reported a total revenue of $12.7M. The company suffered a net loss for the full year 2010 of $86M. As a result of consistent losses, the company has accumulated debt of approximately $70.52M at the time of its IPO.