Financial Daily from THE HINDU group of publications
Thursday, May 12, 2005
Financial Daily from THE HINDU group of publications Thursday, May 12, 2005 |
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Agri-Biz & Commodities
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Cultivation Corporate - Announcements Industry & Economy - Non-conventional Energy Labland Biotechs to supply jatropha saplings to Saudi Arabia Our Bureau
Mysore , May 11 A LOCAL bio-technology company will supply jatropha saplings, a source of bio-fuel, to Saudi Arabia under an agreement with the London-based bio-diesel supplier, D I Oils. Mr Sudheer Shetty, Managing Director of Labland Biotechs, said his company would supply the saplings for ten years. The saplings would be grown in the Gulf country. He said D 1 Oils had entered into a memorandum of understanding (MoU) with Saudi Arabian authorities for the cultivation of Jatropha curcas on 3,00,000 hectares, north of Riyadh. Mr Mark Quinn, Managing Director of D 1 Oils said his company along with Aramco, world's largest oil producing company, had embarked upon a pilot project to grow jatropha crop in the deserts of Saudi Arabia. The jatropha-derived bio-diesel will be blended with oil produced by Aramco to help its global clients comply with Kyoto protocol, to reduce greenhouse gases emission. Mr Quinn said D 1 Oils has taken up cultivation of jatropha even in Egypt and African countries, besides wastelands in South-East Asia.
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