DGAP-News: South Pacific BioFuels PLC: South Pacific BioFuels PLC Enters into Agreement with the Jatropha Foundation
(firmenpresse) - DGAP-News: South Pacific BioFuels PLC / Key word(s): Miscellaneous
South Pacific BioFuels PLC: South Pacific BioFuels PLC Enters into
Agreement with the Jatropha Foundation
19.03.2012 / 12:07
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Initial 200 Ha demonstration project based on polyculture agro-forestry
production of both food and fuel to support a sustainable green village in
Haiti followed with a farm in the Caribbean that could produce an
estimated 5 million liters of NEO - Fuel (Non-Edible Oil Fuel) per year.
London, England. - South Pacific BioFuels PLC (Frankfurt: BF8.F), has
entered into an Agreement with the Jatropha Foundation for the growth,
production and distribution of Jatropha based (Non-Edible Oil) NEO-Fuel.
The Jatropha Foundation is a U.S. not-for-profit organization dedicated to
the development of a globally sustainable Jatropha green energy 'NEO-Fuel'
sector.
Jatropha fuel production capacity is expanding around the equator and will
move into the implementation of rural development projects and
sustainability initiatives for domestic production systems. The Agreement
is based on both companies jointly participating in Haiti to create and
showcase a 200 Ha demonstration sustainable NEO-Fuel production system and
village; followed by a Jatropha farm and NEO-Fuel production facility. This
production system is expected to create viable quantities of Jatropha fuel
oil, and assist in meeting the energy needs of Haiti. The initial farm can
is planned to produce an estimated 5,000,000 litres of NEO-Fuel annually
and will be located on fallow land in either the Dominican Republic or
Haiti.
Our growth strategy is to create positive job creation opportunities in
developing nations for a sustainable economic model while embracing a
socially responsible platform for Jatropha.
The Jatropha Foundation will collaborate with industry and agronomy
professionals to design a model for sustainable production of Jatropha
NEO-Fuel. By developing a sustainable production model, we can meet global
demands for Jatropha energy by focusing on low-energy production systems
coupled with socially responsible economic systems in specific regions. We
plan to develop socially, environmentally, and economically sustainable
energy production systems that are both profitable and capable of supplying
local and regional energy markets with NEO-Fuel.
South Pacific BioFuels' CEO Mark Zouvas stated that, 'This is a significant
watershed event for South Pacific BioFuels and for the people of Haiti and
the Caribbean. We plan to not only grow Jatropha successfully, but also
foster a social approach to cultivate the employment and educational merits
for Haiti's vegetable oil industry.'?About The Jatropha Foundation
Launched in 2007, Jatropha Foundation is a U.S. not-for-profit organization
dedicated to the development of a sustainable global Jatropha green-energy
sector. Initial focus is on strategy development as Jatropha green-energy
production capacity is expanding around the equator and will move into
project implementation of rural development projects and sustainability
initiatives for production systems. Organizational philosophies pertain to
sustainable business, social entrepreneurship, and working with the poorest
of the poor in order to truly begin to alleviate systemic poverty via
Jatropha energy independence. For more information, please visit
www.jatrophafoundation.org. The Haiti Initiative will focus on the
production of vegetable fuel 'NEO-Fuel' for domestic energy
self-sufficiency on marginal, non-tillable, and unproductive land with
significant agronomic inputs. The Jatropha Foundation has strategic
relationships with Brazilian and Indonesian research and production
entities.
About South Pacific BioFuels
South Pacific BioFuels is a United Kingdom company producing high quality
fuel using selected strains of Jatropha Curcas seeds. Our goal is to
create ethical returns and sustainable solutions for a cleaner planet,
while delivering positive Environmental and Economic impact, generating
Employment and Education for our project communities around the world.
South Pacific BioFuels intends to supply energy throughout the Pacific,
Europe and the Americas to reduce the reliance on petroleum oil and diesel
fuel. As production increases, further markets and sales channels will be
identified to expand the international presence of South Pacific BioFuels.
For more information, please visit www.southpacificbiofuels.com.
** END OF NEWS RELEASE **
South Pacific BioFuels (FSE: BF8) is an independent, exchange listed
company operating in the segment of 'Green Energy / Bioenergy.'
This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to the
management of South Pacific BioFuels as of the date hereof, and actual
results may vary based upon future events, both within and without the
control of the management, including risks and uncertainties that could
cause actual results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.
South Pacific BioFuels PLC Investor Relations Division:
Jeff Michaels IR Division
ir(at)southpacificbiofuels.com
Phone: +44 (0) 7193 9266
Jatropha Foundation,
Alix Douyon,
49 Rue Geffrard, Complexe Louverture
Petion-Ville,Haiti,
+1-312-375-9970 (USA )
+509-2945-1000 (Office),
+ 509-3558-0228 (cell)
End of Corporate News
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161183 19.03.2012
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Datum: 19.03.2012 - 12:07 Uhr
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