Guinea, French firm sign biofuel agreement
Posted by African Press International on December 16, 2007
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Conakry (Guinea) Guinea has concluded a major agreement with the French company, Agro-Energie Developpement for the development of biodiesel on 150 to 200 thousand hectares,APA learnt at the weekend. the agreement was signed during the 10 and 11 December investment forum held in Paris. Only 25 percent of Guinea’s 6.2 million hectares of arable lands is ready for cultivation and can help it succeed in the Biofuel sector. The two parties agreed to launch the business at the end of the first quarter of 2008 at an estimated cost of 100 million dollars. Published by Korir, API/APN africanpress@chello.no source.apa |
