Foreign investors ready to build biofuel plant

Three foreign investors from the United States, Australia and South Korea have expressed interest in building a biofuel plant with a capacity of two million kiloliters worth US$500 million in Gorontalo province, Indonesia, Gorontalo Governor Fadel Muhammad said. “They said they were ready to invest [in biofuel in Goronotalo],” he said. The Capital Investment Coordinating Agency (BPKPM) has granted a license to the foreign investors to build a plant which would produce biofuel from jatropha curcas, maize and palm oil as raw materials. Besides being exported to Malaysia and the Philippines, Gorontalo’s maize production will also be used to produce biofuel, he said. (May 27, 2009)