Earth Gen-Biofuel moves forward with Laos project via Agarwood production

May 9, 2016 |

In California, Earth Gen-Biofuel through its 100% owned subsidiary Earth-Eco Agriculture Inc. has completed an agreement with the Phonehong Tree Farms in Laos to purchase the rights to the Agarwood production from a 27-acre plantation in the Laos People’s Democratic Republic containing over 9,000 mature Agarwood trees.

First-grade Agarwood is one of the most expensive natural raw materials in the world, particularly in Asia, according to Molecules, a leading international, peer-reviewed open access journal of natural product chemistry. Molecules adds that Agarwood is a highly prized non-timber forest product, which can be used in fragrances, incense, medicines, aromatherapy and religious ceremonies. The essential oil is a highly demanded ingredient in deluxe perfumery for its warm, unique balsamic notes with sandalwood-ambergris tonalities. The value of Agarwood shipped out of Singapore alone each year has been estimated to exceed $1.2 billion. In addition to various wood products and incense, the oil obtained from the tree when distilled fetches high prices depending on the oil’s purity. The current global market for Agarwood is estimated to be in the range of US$6 to 8 billion and is growing rapidly.

Category: Fuels

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