Saturday, December 6, 2008

Ghana goes biofuel, despite global food crisis

Ghana goes biofuel, despite global food crisis

The Jatropha

The Jatropha

Ghana is set to begin biofuel production very soon, despite mounting evidence of biofuels’ effects on the current global food crisis.

Only recently, the government of Ghana gave approval for a Norwegian biofuels firm ScanFuel to start production early 2009. The company’s Chief Executive Officer (CEO), Thor Hesselberg said on Friday November 21, 2008 that the company is expected to produce 5000 barrels per day of crude oil equivalent by 2015.

According to reports the ScanFuel’s operation is located outside Kumasi in the Ashanti region. ScanFuel will initially cultivate Jatropha seeds, considered high oil-yielding on 10,000 hectares of land. More....

2 comments:

ghanaweb said...

Biofuel in Ghana, I wonder where you read that from, I would be interested to learn more from it.

I know DI oil are not doing well with their Jatropha plant. Why don't we see what happens with it before we jump on the biofuel bandwagon.

D1 oil shares has plumeted as a result of the cost associated with this project. The share price is now 8p from almost £5.00 in 2007.

Dada ba

Nana Akyea Mensah said...

Hello Ghanaweb,

Sorry for the delay in responding. I have a hypertext link on the topic to the source: http://ghanabusinessnews.com/2008/12/06/ghana-goes-biofuel-despite-global-food-crisis/

I put it out on voting day because I thought it was very SERIOUS news!

Thanks for your interest in the matter!
cheers!!!