Dateline: Mon, 22 Oct 2007
freeNewsArticles Story Summary: “BOGOTA, COLOMBIA and MONTEREY, Calif. (SEND2PRESS NEWSWIRE) — Oilsource Holding Group announced that it has joined with Abundant Biofuels Corporation to begin producing biodiesel from non-food crops in Colombia. Abundant Biofuels Colombia SRL has identified a strong interest from private and government sector.”
A R T I C L E:
ARCHIVAL CONTENT
BOGOTA, COLOMBIA and MONTEREY, Calif., Oct. 22 (SEND2PRESS NEWSWIRE) — Oilsource Holding Group (www.oilsourceholding.com) announced that it has joined with Abundant Biofuels Corporation (www.abundantbiofuels.com) to begin producing biodiesel from non-food crops in Colombia. Abundant Biofuels Colombia SRL has identified a strong interest from private and government sector.
“Our goal is to produce biodiesel and biomass for electricity needs in rural areas,” said Felipe Cano, CEO of Oilsource Holding, “We will not compete with local palm oil; jatropha will be a smart, complementary alternative for the national Biodiesel Mission.
“The Company plans to plant 100,000 hectares with jatropha curcas. We estimate investment of $45 million. Given our farming experience in Africa, we will diversify the harvesting into four different zones within Colombia. This gives an accurate analysis of the behavior and yields of the plant under different soil conditions.” According to Mr. Cano Abundant Biofuels’ experience with jatropha in Africa will enable the joint venture to become the dominant producer of biodiesel producing biodiesel from jatropha in Colombia.
Charles Fishel, CEO of Abundant Biofuels added that jatropha is the only biodiesel feedstock that does not does not divert agricultural land from food production. “Jatropha has the added advantage of producing 20 times more energy than the energy that is required to produce it,” Fishel said. “Most other feedstocks consume almost as much energy in production as the energy produced.”
Mr. Cano concluded, “Alternative special crops available today like jatropha and algae and, in the near future, cellulosic diesel (‘designer fuels’) made directly from oil and biomass not only make social but economic sense as well.”
Oilsource Holding Group Inc. is headquartered in Bogota, Colombia. Abundant Biofuels Corporation is headquartered in Monterey, CA USA.
For further information:
Oilsource Holding Group Inc.
www.oilsourceholding.com
Colombia
Dr. Jose David Lora
Tel. (57)17593132
Cel. 3102147610
USA
Felipe Cano
510-776-0074
Abundant Biofuels Corporation
www.abundantbiofuels.com
USA
Dr. Charles V. Fishel
831-224-8800
cfishel@abundantbiofuels(.com).
###
Copyright © 2007 by Abundant Biofuels Corporation and Send2Press® Newswire, a service of Neotrope® – all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.
• Web Image (72dpi): https://www.send2press.com/mediaboom/07-1022-Oilsource_72dpi.jpg
• Story Title: Oilsource Holding Group Inc. and Abundant Biofuels Corporation Form Joint Venture to Produce Biodiesel in Colombia from Jatropha Using Abundant's Proprietary Agronomy Techniques
• REFERENCE KEYWORDS/TERMS: Abundant Biofuels Corporation, , , Oilsource Holding Group, Energy, Oil and Gas, , , .
IMPORTANT NOTICE: some content which is considered “old” or “archival” may reference an event which has already occurred; some content possibly considered “advertorial” may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Abundant Biofuels Corporation); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 22 Oct 2007 23:02:00 GMT].
USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.