Nippon Steel Trading creates JV with Energreen for Australian large-scale pongamia plantation
In Australia, a joint venture – Green Biotechnology Solutions – has been established between Japan’s Nippon Steel Trading and Queensland’s Energreen and will create a large-scale pongamia tree plantation near Emerald. The deal was secured after trade talks during a recent delegation to Japan involving the Minister for Finance, Trade, Employment and Training, Ros Bates and the Minister for Primary Industries Tony Perrett.
Planting of tens of thousands of pongamia trees began earlier this month, creating a commercial nursery and giving local landholders the ability to grow pongamia on their own properties under supply agreements with the joint venture.
Category: Fuels
