Biodiesel and Ethanol Investing

The East African reports that Rwanda has signed a $250 million investment deal with U.S.-based Eco Fuel Global and the U.K.’s Eco Positive, to produce “green energy” using biofuel. Consequently, Rwanda will have the capacity to produce more than 20 million liters of biofuel annually from jatropha curcas. Officials say this complementary source of energy will lead to a 30% reduction on imports of petrol-diesel from neighboring Kenya. The investment in green energy comes at a time when statistics indicate that diesel consumption in Rwanda is likely to increase to approximately 12 million tons by 2013.