GreenGold and ECI Group sign provisional agreement for jatropha

In New York, GreenGold Ray Energies reports it has entered into a provisional agreement with ECI Group, the Emissary Concepts Inc. GreenGold will become the main jatropha feedstock grower, producer and supplier, and will process the jatropha feedstock ready for shipment for ECI.

The agreement is set for up to 30 years, and is renewable every five year. ECI Group is currently negotiating production of large quantities of jatropha-based aviation biofuels for three major global airlines. Financial details were not released at this time.

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