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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of