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Archive for August, 2007

August 31, 2007 (BusinessStandard.com) – Asia Pacific Carbon Fund, managed by Asian Development Bank, is scouting for renewable energy and energy efficient projects in India to provide co-financing and technical support.
The fund which recently (in early August) raised $151.8 million from investors, including those from Europe, has a mandate to finance Clean Development Mechanism (CDM) [...]

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August 30, 2007 – KUALA LUMPUR (Reuters) – India is forecast to produce 2 million tonnes of biodiesel by 2012 as it aggressively plants wild jatropha oilseed to meet growing hunger for energy, a senior industry official said on Thursday.
The nation has identified 64 million hectares of wasteland that can be planted with jatropha, [...]

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August 29, 2007 (EnergyCurrent.com) – MYANMAR: Myanmar plans to cultivate jatropha on 7 million acres of land as feedstock for biodiesel plants around the country as part of a move to diversify into alternative energy sources, Director General of the Energy Department U Soe Myint said at a forum held in Singapore.Each of the seven [...]

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August 27, 2007 (ChannelNewsAsia.com) – KUALA LUMPUR: Malaysia’s land development agency has acquired the entire equity interest in US-based Twin Rivers Technologies, one of North America’s largest bio-diesel manufacturers, local media said Monday.  The Federal Land Development Authority (Felda) made the 241.4 million ringgit (70 million dollar) deal to try and penetrate the lucrative North [...]

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August 24, 2007 (Moneycontrol.com) – Japan Bank for International Cooperation and ICICI Bank, Ltd. signed today an untied loan agreement totalling the yen equivalent of US$200 million.The loan is co-financed by private financial institutions (viz. Sumitomo Mitsui Banking Corporation (agent bank), The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Corporate Bank, Ltd., The Hongkong and Shanghai [...]

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August 27, 2007 (Bloomberg) – DOHA BANK plans to start the Arabian Gulf’s first carbon-credits exchange in 2009 to tap an emerging market for emissions trading.
“The Gulf is the primary source of the oil and gas the world’s using,” Doha Bank deputy CEO R Seetharaman said in an interview in Dubai. “Emissions trading is [...]

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August 21, 2007 (Point Carbon) – Trading Emissions plc, a London-listed carbon aggregator, has taken a substantial controlling stake in one of the world’s biggest biogas plants and one of the first projects to be eligible for carbon credits in Thailand, the company said today.
Through its subsidiary Trading Emissions Asia, the company now owns 81 [...]

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Solid Energy’s biodiesel arm is “quietly confident” it will get enough cropping farmers to plant oilseed rape for a 1500ha biofuel trial in the South Island.
August 24, 2007 (The Press) – Its operating division, Biodiesel New Zealand, plans to have the first crop sown in mid-October. Contract rates will vary depending on where [...]

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August 23, 2007 (Emerging Current) Thailand: Thai oil refining company Bangchak Petroleum Plc. will invest about US$28 million to US$31 million to build a biodiesel plant by the end of this year, Patiparn Sukorndhaman, Bangchak’s senior executive vice-president said in a statement. The new plant, which will be capable of producing up to 300,000 [...]

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August 22, 2007 – (PIA.gov.ph) LEGAZPI CITY — With the increasing demand for cheaper and environment-friendly sources of fuel in today’s market the government is stepping up its efforts to answer the need by advocating the use of local alternative fuel sources such as those from plants called biofuel.

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