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Rwanda, investors sign $250 million bio-fuel deal

November 24th, 2009 · No Comments

From Green Right Now Reports

San Francisco Bay Area-based Eco-Fuel Global this week signed an agreement with the Government of Rwanda to produce bio-fuels from Jatropha Curcas. The deal, estimated to be worth in excess of $250 million, would replace up to 20 percent of the Rwandan fossil fuel requirement with low emission bio-fuels.

Jatropha Curcas is a poisonous shrub whose seeds contain oil that is used to produce biodiesel fuel that is usable in a standard diesel engine.

“This marks the beginning of one of the largest sustainable biofuel projects in the world,” Mark O’Brien, CEO of Eco-Fuel Global, said in a statement. “Rwanda is leading the world in a new generation of environmentally friendly and economically responsible energy production.”

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