The Latest Jatropha Curcas News, Updated Hourly
GreenGold Ray Energies Expanding Jatropha In USA
Added 511 days ago - GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) announces the expansion to Corpus Christi, Texas, U.S.A.
GRYE had entered into a joint venture with the South Texas Jatropha Farmsthat has been farming and cultivating jatropha. The company is purchasing the first 25 acres of farm lands expanding its jatropaha plantations in the U.S.A. GRYE will construct a Biodiesel oil conversion plant, a refinery and a laboratory on a 2 acre site. The remaining parcel of lands will be utilized for the jatropha nursery, and the rest for the jatropha cultivations. GRYE intends to purchase more farm lands to increase its jatropha plantations. Several Texas oil companies are interested topurchase the biodiesels produced by GRYE. It is expected that between theprocessing plant construction and acquisition of the land, it will take atleast 3 months. GRYE will be ready for production in early 2009.
PHILIPPINES:
Batan Jatropha Plantation:
The plants are ready for harvesting within 2 months on its current 300hectares plantations. Around 2 hectares of land are allocated for theconstruction of a Biodiesel oil conversion plant, a refinery and alaboratory. Batan Plantation will be in production in early Spring of 2009.Binasan and Opol Jatropha Plantation~ A combined 3,017+ hectares of landparcels are being prepared for jatropha cultivations. Caraga, Butuan,Agusan~ expansion of the Jatropha plantations to almost 35,000 hectares areongoing.
AFRICA~ The Company had been approached by a group from Africa for a jointventure in the cultivation and farming of Jatropha Curcas in Kenya, Congoor Central African Republic. A planned meeting will be held in London orDubai for final discussions and the two companies hope to complete aMemorandum of Agreement before the end of 2008.
The company had already designed the processing plant for 50,000+ gallonsoutput capacity to be constructed in the 6 hectares parcel land inMindanao. Our experts working on the Jatropha plantation had developed thebest method of cultivating these processing plants, which required thelowest possible investment of money, labor and materials. The yield is afunction of light, water, nutrients and the age of the plant, goodplanning, quality planting material, standardized agronomy practices andgood crop management will handsomely increase the yields.
A 1,000 hectares (2,470 acres) can produce about 12,000 tons (of jatrophaseeds per year, to produce 4,800,000 Liters equivalent to about 1,268,025.8gal.(1Gallon = 3.785 Liters) of crude oil a year productions. One (1)Liter of Crude Oil after Trans-Esterification produces 3,840,000 Liters(1,014,420.68 gal) of Biodiesel per year. The estimated yearly Net Incomeon the 1,000 (2, 470 acres) hectares at a price of about $2.00 per liter isabout $912,166.00/1,000 hectares. GRYE is targeting a production rate ofabout 50,000+ gallons of oil per month production.
"The Board of Directors is very enthusiastic and seriously looking into thepossibilities of expanding globally. The increased interests from variousinternational groups to have a good working alliance and joint venture withGreenGold Ray Energies are promising, thus our company can respond to theincreased demand of the biodiesel fuels. GRYE will continue to increase,to grow exponentially and to expand its Jatropha plantations, thusincreasing its revenues in this next coming year!" exclaimed CEO ManoloTecson.
ABOUT THE COMPANY:
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly growingbiodiesel, green technology and environmental energy company. The Companyhas already solidified its position through a highly successful landacquisition program, acquiring large parcels of land ideal for thecultivation of the jatropha plant. Jatropha curcas grows almost anywhere,even on gravelly, sandy and saline soils. Jatropha oil can be processed toproduce a high-quality biodiesel that can be used in a standard diesel car,while the residue can also be processed into biomass to power electricity
Full Article from Source
