Green Car Congress  
Go to GCC Discussions forum About GCC Contact  RSS Subscribe Twitter headlines

« World Bank report examines likely impacts and risks associated with a 4 °C global warming within this century | Main | Study identifies social policy as important factor in national environmental performance »

Print this post

India-based VayuGrid signs MOU for biofuel cluster in Ethiopia using Pongamia oilseed trees

19 November 2012

VayuGrid, a biofuel supply chain company based in Bangalore, India has signed a memorandum of understanding (MOU) to create a biofuel cluster around its VayuSap, an elite, high-yield Pongamia (a leguminous, oilseed-bearing tree), in Ethiopia Africa.

The cluster will create a $2.5M biofuel investment opportunity and is part of a larger government plan to develop a biofuel park in Ethiopia. This park is a critical step to reduce the country’s commitment of 87% of free cash on imported crude while at the same time creating local job opportunities and an ecosystem of value added businesses.

Phase 1 is a 2,000 plus acre footprint under a collaborative model involving the participation of a local partner bringing in land and labour, investors putting the capital and VayuGrid providing the IP and downstream contracts.

The long term goal is to create biofuel cluster and replicate a certain scale of footprint in 100,000 acres. During a recently concluded roadshow in Addis Ababa, Ethiopia, Doctor Abera Deressa, former state minister for Agriculture, indicated that Pongamia tree products can be an important factor in community development and environmental protection.

Ethiopia was chosen strategically based on the economics and agriculture. Its large land bank of arid and unproductive land lends itself to creating a green energy supply base for local and global markets over the next 60 years.

November 19, 2012 in Brief | Permalink | Comments (2) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef017d3de6fbfc970c

Listed below are links to weblogs that reference India-based VayuGrid signs MOU for biofuel cluster in Ethiopia using Pongamia oilseed trees:

Comments

More than half of Ethiopia has already been turned to desert non productive land and the remainder is progressively going the same way. The idea to use essential land to produce liquid fuel instead of essential food is absurd.

Better to plant something than nothing at all.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Green Car Congress © 2013 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group