A Japanese company will invest 800 million U.S. dollars in Cambodia to plant castor bean and refine castor oil into bio-diesel, company source said here on Friday.
The Biwako Bio-Laboratory Co., Ltd. from Japan will plant castor bean on 48,000 hectares of land in Kompong Speu and Kompong Cham provinces and then establish a factory to refine castor oil into bio-diesel which is expected to replace gasoline, said Mitsuo Hayashi, Chief Executive Officer (CEO) of the company.
"Now we are waiting for the result of the oil sample test in the laboratory in Japan. We want to know what kind of seeds will be planted to provide high turnouts," he said.
Some 48,000 hectares of castor plants will yield 100,000 tons of castor oil annually and 40,000 tons of bio-diesel after refinery, he said.
The company needs 500,000 hectares of land for the project in 20 years and the Cambodian government is now helping to find land, he added.
Mitsuo is among the 30 representatives of the Japanese delegation currently on visit to Cambodia. Kozo Yamamoto, Deputy Minister of Economy of Japan, leads the team to find investment opportunities here.
Japan is the largest donor country for Cambodia but has little investment in the kingdom.
Source: Xinhua
The Biwako Bio-Laboratory Co., Ltd. from Japan will plant castor bean on 48,000 hectares of land in Kompong Speu and Kompong Cham provinces and then establish a factory to refine castor oil into bio-diesel which is expected to replace gasoline, said Mitsuo Hayashi, Chief Executive Officer (CEO) of the company.
"Now we are waiting for the result of the oil sample test in the laboratory in Japan. We want to know what kind of seeds will be planted to provide high turnouts," he said.
Some 48,000 hectares of castor plants will yield 100,000 tons of castor oil annually and 40,000 tons of bio-diesel after refinery, he said.
The company needs 500,000 hectares of land for the project in 20 years and the Cambodian government is now helping to find land, he added.
Mitsuo is among the 30 representatives of the Japanese delegation currently on visit to Cambodia. Kozo Yamamoto, Deputy Minister of Economy of Japan, leads the team to find investment opportunities here.
Japan is the largest donor country for Cambodia but has little investment in the kingdom.
Source: Xinhua
7 comments:
Anything beside gasoline is the way of the future as long as it renewal source of energy! I will say most cars of the future will be powered by compressed air because it is the cheapest to build!
Are you the expert who decides what will be used in the future?
Good news for many cambodian farmers living in the area...Additional jobs will be added for refinings and manufacturing...like the news...that's $800Mil being add to the cambodian economy...
now, i hope that electronics sectors will follow suit...crossing fingers...i expect to see Jap & S. Korea be the lead investors in Cambodia economy...
To 4:44AM!
Did I say that I am an EXPERT? I am just suggesting that the future of the automobile will be power by air and tell me how that affect you and get you all offended? Tell me are you rich people or something? There are many countries around the world include Cambodia which are very poor countries with many poor people who are living on less than a dollar a day!!!
How would you like buy to a car that cost about $3,000 to $7,000 to build that can drive between Los Angeles to New York on a gallon of gasoline? In Europe you can buy this kind of car and now the Indian TATA automaker will mass produce this kind of car in India!
I will become an expert at saving a lot of money once I own this kind of car! And who know maybe I will save enough money to go to the moon or even to Mars! ahahhah! You can stick here on Earth! You Earthling!
Hey dude! Your quote "the future of the automobile will be power by air", as if you are the one who decides about what to run on for the future of automobile. Here a word from me, talk slow, think fast and listen more.
To 11:02PM!
This is sound bite fool! Yeh...You speak like a fucken retard and slow like sloth! ahahhahhah! I don't live in a fucken slow world like your lazy world! Who are you to tell me how to talk? Fuck you mother fucker! Don't worry mother fucker when it is time to have sex and I will definitely take my time!ahahhahah!
Get outta my face!
Are you the educated people? I don't know how this kind of argly words come out from your mouth.
I'm not the guy who argue with you.
But Here is the good news for Cambodian Farmer and also for the Cambodian Economy.
just Celebrate for that, if you are Cambodian, if not, keep your mouth clean.
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