Dubai makes big biodiesel investment in Malaysia
Photo by Soylentgreen23. Licensed under Creative Commons license 2.0.
As we noted when Dubai announced a test of GM Hybrids for taxi and limo service, just because the Emirate has a lot of oil doesn't mean it isn't interested in checking out alternatives. News is out today that the Dubai Group has
made a large ($49.5 million U.S.) investment in Malaysian biodiesel company GBD and now has a 30 percent stake in that company. The emirate-owned Dubai Investment Group's CEO, Abdulhakeem Kamkar, said that renewable energy and biofuels are the "preferred industry focus" for the DIG (the DIG is a subsidiary of Dubai Group). By the end of the year, GBD's huge biodiesel plant should be able to produce up to 500,000 metric tons of biodiesel a year from palm oil (d'oh) and jathropha.
[Source: Cleantech]
Reader Comments (Page 1 of 1)
Tormod Henne 9:16AM (4/10/2008)
Now there is a new kid on the biodiesel block: The Diesel Tree.
http://en.wikipedia.org/wiki/Copaifera_langsdorfii
It is not really new but not so well known. The oil can be used for fuel directly without refining.
Each tree older than 15 years yields about 40 liters a year.
They are planting briskly in the North Queensland-region in Australia.
Total plan is to plant 20 000 trees, yielding 800 000 liter diesel/year, more than double of what corn would do in the same footprint.
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hafiz 11:44AM (12/12/2008)
interested to meet with a biodiesel project sponsor. hv lucrative bz themes for the wise investor. seekinvestor2007 at yahoo. serious peoples only thay hv identity as top management position. regards, hafiz
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