Biodiesel and Ethanol Investing

The Peninsula reports that the Pakistan government plans to present the pilot project “Jatropha Plantation and Production of Biodiesel,” which comes at an estimated cost of $1.6m. The Korean government will assist Pakistan in initiating the project through provision of $1.4m, while the remaining amount will be provided by Zarai Taraqiati Bank Ltd. The project will comprise cultivation of Jatropha on at least 200 hectares and setting up of a biodiesel production unit. To start the project, the bank will promote plantation of Jatropha trees over 200 hectares.