SG Biofuels seeking $30.6 million from IDB for jatropha in Guatemala

October 8, 2013 |

In Guatemala, SG Biofuels has sought $30.6 million from the Inter-American Development Bank to plant jatropha on 25,000 acres of land unsuitable for food production with the aim of producing 6.2 million gallons of biodiesel annually. The $76 million project is under evaluation by the bank who may provide the financing as a loan as well as help to secure additional financing from other banks.

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Category: Fuels

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