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Global Clean Energy Holdings Acquires Operating Jatropha Farm in Belize
Added 671 days ago - Global Clean Energy Holdings, Inc. a Los Angeles based biofuel feedstock development and operations company, announced today the acquisition of Technology Alternatives Ltd. ("TAL"), a Belizean based Jatropha producer, for stock and the assumption of existing debt. TAL owns and operates a 400 acre actively producing Jatropha farm in subtropical Belize, Central America.
TAL has been performingplant science research for a number of years and provides technical advisory services for propagation of Jatropha which includes plant and soil science and farming techniques throughout Latin America.
TAL began their first Jatropha farm for the purpose of producing high quality seed stock for propagation of Jatropha farms from a highly developed variety of Jatropha indigenous to Latin America. The company includes agricultural and biofuels expertise with many years of technical hands on experience in the conversion of various vegetable oils into high grade biodiesel. An advantage of the acquisition is TAL's close proximity to Mexico to support Global's Jatropha Energy Farms.
"This indeed is a strategic acquisition for Global Clean Energy. TAL provides additional resources to our technical and plant sciences capacity and will generate revenue for GCEH in 2008," says Global's President and CEO, Richard Palmer. "TAL has accumulated a wealth of knowledge and experience in growing, harvesting and selling Jatropha throughout Central America. The oil seed producing farm and the hands-on technical experience are key components to our long term strategy of developing and operating multiple Jatropha Energy Farms throughout the region."
The founder and President of Technology Alternative Ltd., Neal Walmsley, added, "What an exciting opportunity this is for the shareholders and management of TAL to join the team at Global. Our complimentary skills and experience will allow us to collectively expand our Jatropha operations in Belize and Latin America. We will provide technical support to Global's Jatropha farms in Mexico and generate current period revenue through an expansion of our independent advisory services.
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