Singapore, Singapore, June 13, 2008 --(PR.com
)-- Bio Energy Plantations Pte Ltd confirms that it has signed its first Jatropha off-take MOU with leading bio-diesel producer Van Der Horst Biodiesel Pte.
The agreement relates to supplying Jatropha oil — thus creating the world’s first Jatropha futures contract.
Van Der Horst also agrees to join forces in the development of a 6,000 hectare Jatropha plantation in India, enabling the rapid ramp up of large scale Jatropha production.
Bio Energy Plantations CEO Naren Raju is jubilant: “We are delighted to work with Van Der Horst on this project. They share our vision for the future of Jatropha oil — as the main source of alternate feedstock in biodiesel production. We look forward to a long and fruitful relationship.”
Terms and conditions of the development and off-take agreements are subject to final negotiations, completion of formal documentation and securing all relevant regulatory approvals.
Jatropha oil will become the crop of choice for the Biofuel industry as it does not compete with food supply, unlike edible oils such as palm and soy — essential in the times of high food prices. It is fuel for the 21st century.
About Bio Energy Plantations
Bio Energy Plantations is the first Singaporean company to cultivate Jatropha in India. The company has an established 20 hectare pilot plantation with a nursery and R&D centre. It is uniquely positioned to become a major Jatropha oil production company. Bio Energy Plantations has developed a unique Jatropha cultivation methodology to scale and commercialize plantations management and oil production around the world. www.bioenergyplantations.com
About Van Der Horst:
Van Der Horst is a leading integrated logistics service provider in South East Asia, with the aim to be a sizable integrated producer of biodiesel through the development and own growth of feedstock supply to their own biodiesel refineries located in Asia. www.gke.com.sg