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Viridas announces share placing to fund huge Brazil biodiesel plant
23/11/2009
Viridas, a biofuel developer based in Leeds, has announced a £850,000 share placing to fund its new biofuel production facility in Brazil. The money will go towards the purchasing of a plantation of jatropha plants.
The oil from these plants can be converted into biofuels and the firm now wants to establish a new administrative organisation in Brazil in order for it to buy a 250-acre farm on which to grow the species.
Biofuels are becoming an increasingly popular alternative to fossil fuels. They can be manufactured from the by-products of the forestry industry and, as a result, forests are expected to become more valuable.
In addition, forestry investment and investment in biofuel production in developing countries like Brazil can do a lot to help communities flourish. The rise of the bio fuel industry can also help to reduce deforestation as the value of forests in terms of the role they can play in cutting climate change increases.
Viridas’s managing director, Martin Brink, says he hopes the investment will allow the firm to, “take advantage of the growing EU demand for compliant sustainable biodiesel and biomass sourced from a dedicated energy crop.”
The oil from these plants can be converted into biofuels and the firm now wants to establish a new administrative organisation in Brazil in order for it to buy a 250-acre farm on which to grow the species.
Biofuels are becoming an increasingly popular alternative to fossil fuels. They can be manufactured from the by-products of the forestry industry and, as a result, forests are expected to become more valuable.
In addition, forestry investment and investment in biofuel production in developing countries like Brazil can do a lot to help communities flourish. The rise of the bio fuel industry can also help to reduce deforestation as the value of forests in terms of the role they can play in cutting climate change increases.
Viridas’s managing director, Martin Brink, says he hopes the investment will allow the firm to, “take advantage of the growing EU demand for compliant sustainable biodiesel and biomass sourced from a dedicated energy crop.”
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