Three international biofuel projects moved forward yesterday with new investment and feedstock agreements.
Caltech Ventures Ghana has invested $10 million in a 400 acre cassava plantation that will expand to 1,200 acres next year and will produce 1.5 million gallons of ethanol.
In the Philippines, PNOC-AFC signed a deal to acquire the jatropha production of Royal Green Energy.
In Australia, Sterling Biofuels announced a deal to acquire oil palm for its Lahad Datu plant in Malaysia. Sterling, which will own 70% of the joint venture, will produce 45 tonnes per hour of palm oil, increasing in a later phase to 90 tonnes per hour for the biodiesel plant.
Cassava projects have been recently given the green light in Thailand and China. Meanwhile, palm oil futures reached a four-year high yesterday in commodities trading.
The Wall Street Journal published a round-up of Asian biofuel development. The report said that there were 45 approved ethanol projects in Thailand, with a total capacity of more than 1000 Mgy. More t...
In the Philippines, GreenGold Ray Energies will be ready for harvest in two months from its 630 acre jatropha plantation in the Philippines, and the company said that it would proceed with constructio...
In the Philippines, a US$30 million cassava ethanol plant has been announced. The plant, financed jointly by the Filipino oil company Eastern Petroleum and Guanxi Estates of China, will commence const...
In Malaysia, the Plantation Industries and Commodities Ministry will launch a jatropha pilot project in Sabah. The location will be in Kota Marudu. The Ministry pledged to expand cultivation, especial...
A study by the University of Wisconsin-Madison Nelson Institute for Environmental Studies ranked 226 countries for their potential to produce high volume, low cost biodiesel.
The top countries cite...
In the Philippines, Eastern Renewables Fuels said it plans to expand cassava planting to 4500 hectares in 2008 to meet rising demand. The company ships its output to Guanxi province in China....
