Earth Gen-BioFuel to expand castor for biofuels in Laos

In California, Earth Gen-BioFuel announced that it has finalized plans for expanding castor bean operations in Laos. Import demand for countries processing Castor Beans continues to be very strong. To capitalize on this trend, Earth Gen plans to upgrade the close to 600 acres of castor beans already planted and expand operation to new locations that are well suited for additional Castor Bean cultivation. The next 12 months will see the continuing development of our labor force and we will complete the training of additional agricultural supervisors who will be utilized to oversee future expansion. Based on obtaining additional working capital we are planning on having over 4,000 acres planted in the Northern part of Laos over the next two years. It is estimated that 4,000 acres are capable of producing 8,500 tons of castor beans annually that could produce annual sales of approximately $4,500,000 based on today’s world market prices.