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23 Feb 2009 07:00
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23 February 2009
Viridas PLC
Contract signed with LeadingΒ South AmericanΒ AgricultureΒ
ManagementΒ and ConsultingΒ Business
Viridas PLC, a companyΒ planning to developΒ 120 square miles of jatrophaΒ plantation in Brazil to produceΒ EUΒ compliantΒ sustainableΒ jatrophaΒ biofuel is pleased to announce that it has signed an agronomyΒ development and farm managementΒ contract with Cazenave, a leading South American AgribusinessΒ managementΒ andΒ consulting company.
Cazenave has been working with Viridas for over a year,Β onΒ a trial jatropha plantation in theΒ Minas GeriasΒ region of Brazil,Β toΒ developΒ a jatropha oilΒ whichΒ willΒ meetsΒ the EU sustainabilityΒ and Green House Gas emissionΒ requirements for biofuels. ThisΒ newΒ contract will cover the further development of theΒ plannedΒ plantationΒ in BahiaΒ and general consultancy support regarding agronomy and specific advice on the growing of jatropha.
Cazenave has over 40 years expertise in the management of agricultural projects in South America and advises governments and leading multinationals such as the World Bank and Cargill.
Viridas already has in placeΒ a ten year Supply and Development agreementΒ with INEOS Enterprises, the largest independent distiller of petroleum products in Europe,Β coveringΒ the purchase,Β by INEOS Enterprises,Β up to 60,000 tonnes per annumΒ of crude jatropha oilΒ once commercial levels of production have been reached.
Stanley Wootliff, Executive Chairman of Viridas commented:
"TheΒ growingΒ EU demand forΒ compliantΒ sustainableΒ biodieselΒ is enormous. With Cazenave and INEOS we have strong partners in place withΒ whomΒ weΒ areΒ buildingΒ Β a business with high sustainability values at its core to enable us to meet EU standards and realise the full financial benefits."
Antonio Parsons, Director, Cazenave added:
"Growing Jatropha inΒ BrazilΒ makes sound economic sense and we are looking forward to developing a significant plantation with Viridas with sustainability values at its core."
For further information please contact:
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Viridas plc:Β |
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Stanley Wootliff, Executive Chairman |
0113 2350632 |
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FinnCap: |
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Matthew Robinson |
0207 600 1658 |
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Pelham Public Relations: |
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Chelsea Hayes |
020 7743 6675 |
Β Β Editors Notes
About Viridas:
Since 2007, on its trial plantation in Minas Gerias, Viridas has been researching and developing agronomy techniques for the growing of jatropha on an industrial scale, for the production of Crude Jatropha OiL
Building on this experience Viridas aims to develop industrial scale jatropha plantations with both the agronomy and all aspects of production fully managed and controlled by Viridas on land which it owns or holds on long lease hold.
The Crude Jatropha Oil Viridas plans to produce is a sustainable, perennial non food vegetable oil from reforestation trees planted on idle land.
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