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Article: Pure Biofuels Announces Plans for Land Lease of 60 Thousand Hectares for Palm Oil Cultivation.
- Article from:
- Business Wire
- Article date:
- March 21, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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African Palm to Provide Oil-Feedstock for Leading South American Biodiesel Producer
LOS ANGELES -- Pure Biofuels (OTCBB:PBOF) today announced its plans to lease 60,000 hectares near the city of Pucallpa in central Peru for the cultivation of Palm Oil to provide feedstock for its Callao Port biodiesel production facility on the coast near Lima. The land, currently empty and degraded, is being made available to Pure Biofuels under a sanction agreement with the government of Peru. The company expects to complete its application process and finalize its lease in the coming months.
"The lease of this land provides Pure Biofuels with a unique, vertical ...