DGAP-News: Curcas Oil N.V.: Curcas Oil Philippines Inc. started intercropping Jatropha with Peanuts
(firmenpresse) - DGAP-News: Curcas Oil N.V. / Key word(s): Miscellaneous
Curcas Oil N.V.: Curcas Oil Philippines Inc. started intercropping
Jatropha with Peanuts
22.12.2010 / 09:57
---------------------------------------------------------------------
Curcas Oil Philippines Inc. started intercropping Jatropha with Peanuts
Amsterdam, The Netherlands, December 22nd, 2010
Curcas has decided to investigate and where possible, pursue the
possibility to apply intercropping on new plantations with the purpose of
generating faster returns. As new Jatropha trees are planted 2.5 meters
apart, Curcas Oil Philippines Inc. has started planting peanuts between the
rows of Jatropha trees to maximize the use of land.
It normally takes about 12 to 15 months before the first Jatropha seeds can
be harvest from the new trees. During this period, Curcas Oil Philippines
Inc. will earn from peanuts as a secondary crop. The peanuts will be
planted and harvested for a period of about two years, while the Jatropha
trees are still young and allow enough light and space for the peanuts to
grow. During that period the peanuts can be harvested every four months.
As Curcas only uses idle or marginal land to grow Jatropha, the harvest
yields approximately 1'000 kilos of peanuts per hectare or 3'000 kilos per
hectare per year. This is a lower yield than on top soil. Intercropping
will nevertheless improve the short term ROI of new plantations, and will
moreover help to avoid the growth of weeds. There is a local market for
peanuts and the price is around 50 PHP (0.86 EUR) per kilo, resulting in
revenues of approximately 150'000 PHP (2586 EUR) per hectare per year.
Curcas has the intention to start planting peanuts over an area of 300
hectare over the course of 2011. Where possible, the Curcas Oil N.V. will
apply the same intercropping principles at its subsidiaries in Thailand and
Indonesia.
Peanut (Arachis hypogaea L.) or groundnut has been a popular crop in the
Philippines. It is considered one of the major field legumes grown by
farmers but its production has been low and erratic. In the Philippines,
peanut can be grown throughout the year provided inputs, especially the
water requirement are adequately available.
About Curcas Oil N.V.
Curcas Oil N.V. is a producer of Jatropha Crude Oil. With its subsidiaries
Alternative Energy Manufacturing Ltd. (Thailand), Curcas Oil Philippines
Inc. (Philippines) and PT Pengembangan Jarak (Indonesia), Curcas Oil N.V.
cultivates Jatropha Curcas plants for the production of Jatropha Crude Oil
in a sustainable and responsible manner.
Curcas Oil N.V.
Haaksbergweg 71
1101 BR Amsterdam
The Netherlands
Tel. +31 20 312 1212
info(at)curcas-oil.com
www.curcas-oil.com
DISCLAIMER
This press release constitutes neither an offer to sell nor an invitation
to buy securities. This press
release and the information it contains is not intended for dissemination
in the United States of America (USA) or within the USA, and must not be
distributed or communicated to US persons (including legal persons) or to
publications with a general distribution in the USA. This press release is
not an offer or an invitation to buy securities in the USA. The Curcas Oil
N.V. securities will not be offered for sale in the USA.
End of Corporate News
22.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
107342 22.12.2010
Datum: 22.12.2010 - 09:57 Uhr
Sprache: Deutsch
News-ID 32919
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 492 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Curcas Oil N.V.: Curcas Oil Philippines Inc. started intercropping Jatropha with Peanuts"
steht unter der journalistisch-redaktionellen Verantwortung von
Curcas Oil N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
