GEM Biofuels: 50 Hottest Companies in Bioenergy candidate profile
Based in: Madagascar
2008-09 ranking: 47
Business: GEM BioFuels is initially focusing on the establishment of ‘company managed’ plantations of Jatropha trees in Madagascar and the extraction of the vegetable oil that is produced from its seeds as this oil is well suited to use in the production of biodiesel.
GEM BioFuels has been established to supply jatropha-based feedstock to the rapidly growing global biodiesel market. The Directors believe that one of the most significant potential constraints on the growth of this market is the relatively limited supply of biodiesel feedstock, and that this provides a significant commercial opportunity for the Company.??Model: ?Owner-operator, in parnership with communes.
Past milestones:
Entered into 18 agreements with Communes in relation to 452,500 hectares of land suitable for the establishment of plantations in Madagascar, which provide it with the exclusive right to establish Jatropha plantations on the land.
To date approximately 13,300 hectares have been planted.
Future milestones:
In addition GEM BioFuels has an agreement in relation to 40,000 hectares containing natural forest, including significant numbers of mature wild Jatropha trees. Separately, the Company also has informal arrangements with a number of individuals for the delivery of wild seed to the Group’s storage facility.
Metrics:
The Company has secured 50 year agreements giving exclusive rights over 452,500 hectares
(in excess of 1 million acres) to establish plantations, ranging in size from 2,500 – 50,000
hectares with a further 40,000 hectares of natural forest containing substantial numbers of
mature Jatropha trees.
The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.
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