California’s Eco-Fuel Global to Produce Biofuels for Rwanda

Nov 29 2009 | 8:34pm ET

San Francisco Bay Area-based Eco-Fuel Global and the UK-based Eco Positive have signed a $250 million agreement with the Rwandan government to produce biofuels from Jatropha Curcas.

The deal will see the two companies grow the plant, from which they will extract an estimated 20 million liters of biofuel annually, on 10,000 hectares of marginal land near Akagera National Park.

The companies say the biofuels produced will eventually replace up to 20% of Rwanda’s fossil fuel requirements. Eco-Fuel Global CEO Mark O’Brien characterized the project as “the beginning of one of the largest sustainable biofuel projects in the world.”

The deal, part of a larger Sub-Sahara Africa bio-fuel strategy, is expected to create 6,500 direct jobs and reduce greenhouse gas emissions. Investors also claim the project will contribute to food security, as one of the by-products of the bio-fuel production process is fertilizer.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of