Ghana and India collaborate on biofuels
Ghana has attracted the interest of several nations around the world for biofuels projects, the latest being India.
Indian alternative energy companies have entered Ghana and have begun processes to cultivate crops for biofuels in the country.
Currently, Brazilian, Norwegian, Israeli, Chinese, German, Dutch, Italian and Belgian businesses are investing in Ghana to cultivate jatropha and other crops for biodiesel.
India’s largest investment in Ghana’s biofuels sector is US$45 million (€33 million) by the Ghana subsidiary of Indian company Hazel Mercantile.
The Mumbai-based company which is a distributor of chemicals and petrochemical products intends to cultivate jatropha to produce biofuel.
The Indian company started talks with Ghana in 2008 and set up office in Ghana at the beginning of this year.
Hazel Mercantile is eyeing 50,000 hectares. An Israeli firm secured 100,000 hectares earlier.
The Netherlands has started with about 100 acres in the northern part of the country. The Chinese have also started a pilot project.
In addition, German, Belgian and Italian companies have commenced activities.
Indian alternative energy companies have entered Ghana and have begun processes to cultivate crops for biofuels in the country.
Currently, Brazilian, Norwegian, Israeli, Chinese, German, Dutch, Italian and Belgian businesses are investing in Ghana to cultivate jatropha and other crops for biodiesel.
India’s largest investment in Ghana’s biofuels sector is US$45 million (€33 million) by the Ghana subsidiary of Indian company Hazel Mercantile.
The Mumbai-based company which is a distributor of chemicals and petrochemical products intends to cultivate jatropha to produce biofuel.
The Indian company started talks with Ghana in 2008 and set up office in Ghana at the beginning of this year.
Hazel Mercantile is eyeing 50,000 hectares. An Israeli firm secured 100,000 hectares earlier.
The Netherlands has started with about 100 acres in the northern part of the country. The Chinese have also started a pilot project.
In addition, German, Belgian and Italian companies have commenced activities.
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