EE,
OK! And now we can add Central America to my list of those who think that biofuels can make it. I especially liked this paragraph in your article....
In August, New York-based Amelot Holdings Inc. and Pan-Am Biofuels Inc. of Park City, Utah, formed a joint venture to develop a 2,000-acre jatropha plantation in Guanacaste, Costa Rica. The plantation, when fully operational in mid-2008, would produce up to 3 million gallons of crude jatropha oil. The project has been successful thus far because of the region’s ideal jatropha growing conditions and a unique, low-risk funding method, says Pan-Am Biofuels President and Chief Executive Officer Joseph Black. “[Costa Rica] is very eco-conscious and they believe that the biofuels industry will reinvent farming, revitalize the economy and protect their national interest [regarding dependence] on fossil fuels,” he says. “They import 100 percent [of their oil] from Venezuela at this point. They really welcome biofuels into their country.”
I especially liked the part that talks about reinventing farming, revitalizing the economy and protecting the national interest regarding dependence on fossil fuels.
Now then, can PHGI come through on all this as well? Well, they wouldn't have started the company if they didn't think that they could....and once the biofuel plant begins, I think that we might begin to see an eventual symbiotic relationship with the gold mine.
So.....the heck with what anyone else thinks! I'm rooting for the eventual success of PHGI!!!!
