US$20 million UK investment in Ghana’s bio-diesel production

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Jatropha Africa Limited, a subsidiary of Lion Bridge Ventu res in United Kingdom, is to invest 20 million dollars in jatropha plantations i n Ghana to produce bio-diesel. Ohene Akoto, a director of the company, said the plantations would be establishe d in the Brong-Ahafo and Northern regions adding that lad had been acquired for t he project to take off. “Jatropha, the wonder plant, produces seeds with an oil content of 26 per cent w hile the by-product can be pressed into cakes for organic fertilizer. It also co n tains an effective ingredient for insecticide production,” he said. Mr Kwame Ampofo Twum, Deputy Minister of Energy, said the establishment of the p lantation would help to solve the energy problem in the country. He said that the Government had put in place effective mechanisms to help invest ors who were ready to go into jatropha production. Twum urged farmers to go into the production of the plant and asked the company to explore more market avenues for the produce. Panapress.

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