DGAP-News: AsiaPac Capital Services Update on Jatropha Production
(firmenpresse) - Asiapac Capital Services Inc. / Product Launch
14.04.2010 08:31
Dissemination of a Corporate News, transmitted by
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The issuer / publisher is solely responsible for the content of this announcement.
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Toronto, Canada - (For immediate release) - April 13, 2010
AsiaPac Capital Services Ltd.,: Deutsche Börse symbol: 5AP. (www
.asiapaccapital.ca), is pleased to provide an update on its Jatropha
production project It's Philippines based subsidiary, Asiapac Green
Renewable Energy Corp. has begun clearing and preparing the land in advance
of planting the Jatropha plants.
The Company has a revenue sharing agreement with a group that owns 300
hectares of land (approximately 741 acres) upon which there is an existing
coconut plantation. The Jatropha will be intercropped with the coconut
trees, and it is anticipated that the actual planting will begin in June,
in order to coincide with the beginning of the Philippine rainy season.
Company President, Mr. Samuel Lee, noted; 'The biofuel market is growing at
an outstanding pace. Governments worldwide are mandating the use of fuel
from renewable sources. For example, the EU will require 20% of its final
energy consumption to be derived from renewable sources. More importantly,
there are increasing requirements to mandate that these fuels do not
compete or convert food crops and divert them away from human consumption.
It must also be remembered that Jatropha is a relatively low-cost feedstock
that will grow well in soil that would notsupport food crops. In these
respects, Jatropha is an ideal feedstock for biofuel.
Additionally, we are seeing important developments on the production side,
with the introduction of mechanical harvesters, a growing body of research
on improving yields from the plants and improvements in the processing of
fuel from Jatropha. These factors will all add to the economic viability
of this business unit. In short, we believe interest in Jatropha is
gaining traction worldwide, with major initiative ranging from India to
China. We are well positioned to take advantage of this growth.'
Disclaimer&Safe Harbor Statement:
This release includes forward looking statements, which are based on
certain assumptions and reflects management's current expectations. These
forward looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. The Company disclaims any intention
or obligation to update or revise any forward looking statements, whether
as a result of new information, future events or otherwise. 'Safe Harbor'
Statement under the U.S. Private Securities Litigation Reform Act of 1995:
This release contains certain 'forward-looking' statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
For further information please contact:
AsiaPac Capital Services Ltd.
557A Eglinton Ave West,
Toronto, Canada M5N 1B5
Phone: 1-416-800-2080
Email: info(at)asiapaccapital.ca
14.04.2010 08:31 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 14.04.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 18987
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