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Gem Biofuels commences commercial production of jatropha oil in Madagascar

25th Nov 2009, 10:25 am Gem Biofuels commences commercial production of jatropha oil in Madagascar

Jatropha plantation and oil producer, Gem Biofuels (AIM: GBF) confirmed this morning that it had commenced commercial crude jatropha oil production in Madagascar. Gem Biofuels was formed in 2004 to take advantage of growing demand for biodiesel in Europe, North American and Australasia.  Since listing on AIM, the company has focused on acquiring and upgrading land in Madagascar for jatropha plantations.


"The commencement of commercial Jatropha oil production is a landmark for the Company and follows several years of development and refinement of our owner/manager operating model,” Paul Benetti, CEO of GEM BioFuels said. “This production as well as the higher than forecasted yields derived confirm the efficiency and effectiveness of the model.

These yields as well as the introduction of some cost-reducing mechanisation in the plantation season, and GEM's years of experience, position the Company well to continue its strategy of combining low-cost, sustainable agriculture with social responsibility to be a major future grower of Jatropha."


The first shipment, though small, marks a significant milestone for Gem Biofuels. The first shipments of crude jatropha oil are expected to occur in the first few weeks of December, and will be bound for consumers in Australia and Europe.

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