Vogene, Orfuel obtain $1 million research grant from US-Israeli group for alt energy research in Israel

In Israel, Vogene and Orfuel have jointly signed with the Israel-US Binational Industrial Research and Development Foundation for a $1 million grant for a 3-year research project in alternative energy.

This year, Israelis have been more active in biofuels acquisition and finance outside of the country.

Israeli investor Merhavv Group invested $700 million in jatropha cultivation in the East Nusatenggara province of Indonesia. The investment will support more than 220,000 acres of jatropha grown in the East Sumba district.

Israeli billionaire Arcadi Gaydamak and his Petro Group have been reportedly in talks to acquire a biodiesel plant in Bulgaria in a $21 million deal. Gaydamak bought Petro Group last June as part of a flurry of acquisitions in Israel. Petro Group owns gas stations and convenience stores in Europe and the US.

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