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Global Clean Energy Holdings Acquires 5,000 Acres To Develop Jatropha Plants
Los Angeles CA (SPX) May 06, 2008 Global Clean Energy Holdings through its subsidiary GCE Mexico I has acquired approximately 5,000 acres of land in the State of Yucatan in Mexico. The property will be used for the cultivation of Jatropha curcas. When fully planted the land will be home to over 4.0 million Jatropha trees, which will produce a high quality seed oil and biomass, for more than 30 years. "The acquisition of this land puts us right on track with our business plan for the commercialization of Jatropha in Latin America," said Richard Palmer, Chief Executive Officer of Global Clean Energy. "This land has the ideal climate to grow Jatropha and keeping with our corporate philosophy, has never been used for agriculture or food production. We have already begun preparing the land for planting and will have plants in the ground this month." GCE Mexico I, LLC is a 50-50 joint venture with Los Angeles Businessmen Stewart A. Resnick and Selim K. Zilkha, both highly accomplished entrepreneurs who have developed successful agricultural and alternative energy companies. The joint venture's mission is to acquire and develop non-food based land in Mexico to grow Jatropha curcas and commercialize oil and biomass derived from its fruit and seeds. Global Clean Energy Holdings, Inc. manages the operations of the corporation and consolidates the results for financial reporting purposes. Mr. Resnick is chairman and owner of Roll International Corporation, a Los Angeles-based holding company, and has developed and owns a number of companies, including Paramount Agribusiness, POM Wonderful, Teleflora, FIJI Water, and Suterra. Mr. Zilkha formed Zilkha Renewable Energy, a wind farm developer, in 1998 and sold it to banking giant Goldman Sachs in 2005. Currently he has business interests in Zilkha Biomass Energy, a company developing biomass to electricity solutions in the United States; Socratech, a biotech company that has as its goal the diagnosis, treatment and prevention of a variety of brain disorders; and Laetitia, a vineyard and winery in Arroyo Grande, CA. Community Email This Article Comment On This Article Related Links Global Clean Energy Holdings Powering The World in the 21st Century at Energy-Daily.com
Lean And Mean Biomass-Degrading Fungus Reveals Capabilities For Improved Biofuel Production
Walnut Creek CA (SPX) May 05, 2008The bane of military quartermasters may soon be a boon to biofuels producers. The genome analysis of a champion biomass-degrading fungus has revealed a surprisingly minimal repertoire of genes that it employs to break down plant cell walls, highlighting opportunities for further improvements in enzymes customized for biofuels production. |
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