Friday, September 12, 2008

Evogene, Orfuel and Leviev Group to establish biodiesel company in Namibia, Africa

Evogene, Orfuel, and the Leviev Group have announced an agreement to establish a biodiesel company in Namibia, Africa.

The new company will be focused on the growth of specialized castor plants for use as feedstock for biodiesel. It will be headquartered in Namibia, with operations in Namibia and possibly other African countries.

Evogene and Orfuel, an Ormat subsidiary, have already been working together since September 2007 on developing non-edible plants for commercial biodiesel production, and the castor plants for the new venture will be selected from varieties being developed in the Evogen-Orfuel collaboration. The collaboration is being funded with a grant from the BIRD Foundation.

Land for the crop growth will come from the Leviev Group, which will also provide logistical infrastructure for the project.

"This collaboration fits well into Evogene's business model in the field of biodiesel, and constitutes an additional stage towards commercialization of the plants developed through the joint project with Orfuel in one of the potential target locations," stated Ofer Haviv, Evogene's president and CEO. "We are convinced that with our extensive capabilities in plants together with the vast experience of the Leviev Group in Africa, we will be able to develop improved feedstock addressing the needs of the alternative fuel industry."

Netafim in negotiations with sugarcane ethanol project in Mozambique

In other news, BioEnergy Africa has raised $15.2 million on the London Stock Exchange to fund development of a 438 million liters per yea sugercane ethanol plant in Mozambique.

The company is in discussions with Tel Aviv, Israel-based Netafim to design, procure, and install a subsurface drip irrigation system for the project’s cane fields. At full capacity, the project will include approximately 60,500 acres of planted sugarcane.

Related Posts:

Monsanto to invest in Evogene, collaborate on plant research

Evogene and Orfuel receive biodiesel grant

Technion forum: Israel can be global biodiesel leader