Jatropha biofuels project launched in Indonesia
On the island on Java, Indonesia, London-based investment firm Aston Lloyd will be leasing 10,000 hectares of marginal land that will be used to grow a hybrid of jatropha.
With its ability to live without excess amounts of water, the drought-resistant jatropha plant thrives in Indonesia’s climate and the government is aiming to have 1.5 million hectares of jatropha under cultivation by the end of this year.
The jatropha project will also be beneficial to the local community. For every 10,000 hectares sold through the investment, 33,000 new local jobs are going to be created.
Aston Lloyd will be selling the right to income on the land in Java to investors in units of 1.2 hectares, offering a simple way to enter the biofuels market.
The managing director of Aston Lloyd Michael Lucas said: ‘Investors don’t want to put as much of their money into UK property, or underperforming equities these days. There is a definite shift towards sustainable and ethical investing, and we’re hoping that this new project not only makes a profit but helps towards mitigating some of the effects of climate change in years to come.’
With its ability to live without excess amounts of water, the drought-resistant jatropha plant thrives in Indonesia’s climate and the government is aiming to have 1.5 million hectares of jatropha under cultivation by the end of this year.
The jatropha project will also be beneficial to the local community. For every 10,000 hectares sold through the investment, 33,000 new local jobs are going to be created.
Aston Lloyd will be selling the right to income on the land in Java to investors in units of 1.2 hectares, offering a simple way to enter the biofuels market.
The managing director of Aston Lloyd Michael Lucas said: ‘Investors don’t want to put as much of their money into UK property, or underperforming equities these days. There is a definite shift towards sustainable and ethical investing, and we’re hoping that this new project not only makes a profit but helps towards mitigating some of the effects of climate change in years to come.’
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