Curcas Oil N.V.
Curcas Oil N.V.: Activities on the Philippines
Curcas Oil N.V. / Key word(s): Miscellaneous
Corporate News Activities on the Philippines Amsterdam, 19 December 2011: Curcas Oil N.V.'s Philippines subsidiary Curcas Oil Philippines Inc. started the development of 100 hectares of Jatropha Plantation on the Northern island of Luzon, at Baranggay Labney, Mayantoc, Tarlac, Philippines with the option to increase the size of the plantation to totally 5,000 hectares in the coming 3 years. Therefore Curcas Oil Philippines Inc. has signed an agreement with Dario A. Jose, the Tribal Mayor of Baranggay Labney Mayantoc, Tarlac giving the company the rights to cultivate the 100 hectares of ancestral land in Baranggay Labney, Mayantoc, Tarlac, Philippines, for a period of 25 years. The site will be developed as a so called intercropping site, where the company is going to plant Peanuts between the Jatropha trees in order to improve the future cash flows. Intercropping has two essential advantages. On the one hand, Peanut plants will serve as a weed eliminator. On the other hand, Peanuts will provide cash flow after just four months and gives the company the opportunity to cover the fixed monthly expenses incurring from the development of the Jatropha Plantation. Peanuts planted in August 2011 as a trial have created first cash flows in December 2011 to prove that Peanuts can create additional cash flow as long as the Jatropha trees are getting mature. Curcas Oil Philippines Inc. has also established an on-site nursery to germinate Jatropha seedlings to be planted from January 2012 onwards with a monthly rate of 5 hectares during 2012. About Curcas Oil N.V. Curcas Oil N.V. is a producer of Jatropha Crude Oil. With its subsidiaries Alternative Energy Manufacturing Ltd. (Thailand), Curcas Oil Philippines Inc. (Philippines) and PT Pengembangan Jarak (Indonesia), Curcas Oil N.V. cultivates Jatropha Curcas plants for the production of Jatropha Crude Oil in a sustainable and responsible manner.
Company Contact End of Corporate News 19.12.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
150176 19.12.2011 |