LAS VEGAS, June 9, 2009 – Renewable Fuel Corp, Inc (RFC) an emerging producer and distributor of biodiesel and biodiesel blended fuels in the US and key global markets announced today that in conjunction with recent negotiations and a subsequent agreements with Oilcorp Berhad (Oilcorp) and through its wholly owned subsidiary Oilcorp International Limited, the Oilcorp Board of Directors issued an agreement worth $22 million as defined in the Circular to Shareholders.  

The shareholders will meet to vote on the Circular within the next few weeks. This consent represents a major solution to the progress of RFC and cements the opportunity with Oilcorp to jointly proceed with biodiesel initiatives.  Oilcorp is a diversified international corporation and is active in oil and gas, special projects, hotel, resort operation, property investment, and deep-sea fishing.

The strategic agreement between RFC and Oilcorp is seen as a critical opportunity to leverage the unique expertise of both companies in the area of green energy while creating opportunities for both companies, as well.  RFC’s B100 biodiesel uses only renewable and sustainable agricultural feedstocks. It is manufactured in one of the world’s newest and most advanced facilities located in Kuantan, Malaysia.  Biodiesel produced in this facility will offset growing demand for petroleum diesel by extending fuel supplies with 100% sustainable clean energy. As a green fuel, RFC biodiesel does not contribute to global warming and reduces carbon emissions.

“The ownership in RFC enables Oilcorp to have an important stake in the booming biodiesel industry in the US and key global markets,” said Sunny Ng Huat Tian, Group Managing Director of Oilcorp Berhad.  “RFC is an emerging leader in the rapidly growing green energy industry, with its vertical upstream and downstream approach to biodiesel, they are better able to profitably leverage the market and take advantage of the worldwide requirement for green fuels, and this will enable Oilcorp to profit along with RFC.”

"Oilcorp shares my vision for supplying the world with clean fuels and improving the environment.” said William Van Vliet, Chairman of Renewable Fuel Corp. “We anticipate the Oilcorp shareholders will support this effort at the EGM which serves to advance RFC’s global presence.  My goal is to be the leader in supplying the world with green and sustainable biodiesel.  With Oilcorp shareholders support they are helping put us a step closer to fulfilling this strategy.”

About Renewable Fuel Corp

RFC is an emerging premier provider of biodiesel and green fuel solutions worldwide.  The company operates a biodiesel facility in Kuantan, Malaysia to produce biodiesel for sale in the US and globally. RFC produces all of its biodiesel to ASTM and EN diesel standards.   The Company founded its business based in the need to improve the environment and the belief that people in the US and around the world are free to choose a better life, environment and future. When given a choice they will choose to do their part to protect the future for the next generation.  For more information, contact us at +1.702.989.8978, or visit us at www.rfuelcorp.com.

About Oilcorp Berhad

Oilcorp Group is a well-diversified group of companies involved in three (3) core business activities, i.e. oil & gas, special projects, hotel, resort operation and property investment, and deep-sea fishing. While the oil & gas special projects are specific in nature, both the hotel and property investment and deep-sea fishing activities provide the Group with steady streams of recurring income. The company trades on the Bursa Malaysia exchange.  It is a major provider of infrastructure and components to the oil and gas industry world wide and is a second level company in offshore platform fabrication.

The company operates as a holding company for four subsidiaries, they include;

Oil-Line Engineering and Associates Sdn Bhd ("Oil-Line")
    Principally involved in Turnkey Engineering, Procurement and Construction (EPC), Engineering, Procurement, Construction and Commissioning (EPCC), Engineering Procurement and Construction Management (EPCM), Engineering, Procurement, Installation and Commissioning (EPIC) and provision of integrated services for Oil & Gas, Biodiesel, Co-gen, Petrochemical and Power Generation industries and etc.

  Oil & Gas (onshore)
  Oil & Gas (offshore)
  Special Projects
  Oversea Projects

Oilfab Sdn Bhd ("Oilfab")
    Principally involved in fabrication of major Oil & Gas offshore structures. Oilfab owned one of the       largest integrated fabrication yard in Malaysia in term of land-area in the state of Selangor Darul Ehsan.

    Yard Facilities
    Fabrication Project

Ascentland Sdn Bhd ("Ascentland")
    Principally involved in hotel, resort operation and property investment.    

  Hotel Resorts Operation
  Property Investment

PD Tiara
    Principally involved in operation & management of Tiara Beach Resort an inland sea resort which spread over 23 acres land with the biggest man-made beach in Malaysia.

   Hotel & Resorts management

Layar Visi Sdn Bhd ("Layar Visi")
    Principally an investment holding company, which participated in the Konsortium Perikanan Nasional Berhad ("KPNB") to undertake the national project of managing, operating and overseeing the integrated activities of deep-sea fishing, marketing and distribution and fish processing.
   

  Deep Sea Fishing
  Marine related activities





For Information Contact:                For Information Contact:           
Renewable Fuel Corp                     Oilcorp Berhad.               
+1.702-989-8978 ext. 1040           www.oilcorp.com.my               
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Safe Harbor Statement:

This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." Additionally, statements relating to the Company’s market position or strength, implementation of the Company’s plans or strategies, and comparisons with other companies in the same or similar industries could contain forward-looking statements.  You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.  Renewable Fuel Corp expressly disclaims any obligation or intention to update or revise any forward-looking statement, as a result of developments occurring after the date such statement was first made.