Energy, biotechnology and Agribusiness SG Veterans Form Biofuels Development Jatropha as a low cost, Oil Development

Energy, biotechnology and Agribusiness SG Veterans Form Biofuels Development Jatropha as a low cost, Oil Development

SG Biofuels library assembles the genetic material of Jatropha

SAN DIEGO, Feb. 2 / PRNewswire / - After three years of research, a team of energy, biotechnology and agribusiness veterans today announced the formation of SG Biofuels, a San Diego, CA-based plant oil companies that specialize in the development of Jatropha as a low cost, which produced sustainable source of oil.

Kirk Haney, President and Chief Executive Officer, the company introduced at the 2009 National Biodiesel Conference and Expo in San Francisco, CA, where he was a feature speaker on Jatropha.

"We switch from Jatropha opportunities become a reality with a world-class team of scientists and geneticists, depth of resources and expertise in Latin America and agribusiness committed to sustainable production," said Haney.

SG Biofuels' scientific team, led by Dr. Robert Schmidt, PhD., Combining more than 100 years of experience in plant molecular genetics and biotechnology, and includes three members of the National Academy of Sciences. The Company has assembled the largest and most diverse library of Jatropha genetic material in the world, providing the opportunity to develop the most productive type of Jatropha.

Jatropha curcas is a non-edible shrub is native to Central America. High number of seeds which contain oil that can be used for a variety of bio-based feedstock materials, including biodiesel and Petrochemical substitutes for fuel and aviation industry. Can be developed effectively left on the ground that are not suitable for other crops.

Jatropha oil produced by SG Biofuels have been independently evaluated for the quality of biodiesel and verified to be clean, stable source for biodiesel fuel that meets or exceeds strict European specification. Latin American companies Jatropha done recently out palm, soya and Jatropha from India in differentiating the two criteria: low-temperature performance and long-term storage stability.

Biofuels SG team that includes veteran Georges Daou business as Chairman and Chief Business Development Officer. Daou founded Daou Systems, Inc., and for 10 years and has led some to invest in start-up and the capital invested in business enterprises. Its advisory council includes Edgar Masri, former CEO of 3COM Corporation, swamp George, a former general manager for Kellogg Brown & Root in Saudi Arabia, and Herb Sostek, former President and CEO of Gibbs Oil Company.

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Green Gold Energies (Symbol: GRYE) Opens Its First Jatropha Biodiesel Oil Refinery Marketwire

Green Gold Ray Energies, Inc. (PINKSHEETS: GRYE) -- "Fueling the Future" -- announced today that its biodiesel refinery in Nasipit Port, Agusan del Norte will be opened in the next 90 days. Below is the perspective view of the GRYE Processing & Refinery Plant capable of producing about 180 million gallons per year or 680,400,000 liters per year.

The Research and Development Team of Green Gold Ray Energies has designed a unique biodiesel processing and refining technology that fits best to the Jatropha oil market requirements. The plant is designed to produce high biodiesel oil quality, based on fast enhanced growth, cultivation period, increased production efficiency, reliability and better productivity.

CEO Manolo Tecson said that he expects to see a greater increase in revenue now that they are initiating towards the full capacity of Green Gold Ray Energies. "Green Gold is responding to the global economic program of immediate creation and development of clean alternative energy production! We are very excited to see this first stage of growth come to pass, so we can finally fulfill and contribute to the local and global demands of biodiesel fuels, thus servicing our clients' inquiries and requests, while we get to the completion of our Website www.GreenGoldEnergies.com."

To date the Philippine government has legalized into law the Republic Act 9367, known as the Biofuel Act of 2006, which encourages the public to consume alternative fuels and strives for the gradual phase out of the use of damaging gasoline additives. The Act seeks to implement that all oil companies retail only liquid fuel that contains at least 5% bioethanol by total annual volume within the next two years from the effective date of the Biofuel Act and a minimum of 10% blend of ethanol by volume within four years.

A minimum of 1% by volume shall be blended into all diesel engine fuels within 3 months from the effective date of the Act and will increase to 2% in the next 2 years. The Philippines is in need of 150 million liters of bio diesel per year and is expected to double in the next 5 years.

CEO Tecson adds, "There is only one existing biofuel company here in the country, Chemrez Phil., with only 60 million liters production per year, not enough for the country's bio fuel demand and Chemrez is using coconut oil as feed stock. Food-fuel competition will be their future problem."

Jatropha oil is inedible oil, not fit for human consumption, so by using Jatropha as feed stock, Green Gold Ray Energies is exempted from the "Food for Fuel Controversy." This information from here

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