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Amelot Holdings to exploit new source of biodiesel
By MJ Clark
March 28, 2008 --
CHEYENNE - Amelot Holdings, Inc., a publicly traded company incorporated in Wyoming, has announced its projected 2008 revenues at $7 million.
According to its Web site, the company’s focus is on developing a global renewable energy trading and manufacturing company. One of the company’s interests lies in the subtropical Jatropha plant, whose non-edible seeds contain up to 40 percent oil. The processed oil can be used in a standard diesel engine, while the residue can be used for biomass electricity production.
The company expects to collect enough indigenous Jatropha seed to produce a minimum of 1 million gallons of Jatropha oil in 2008. On March 13, the company subsidiary, Jatropha Biofuel Technologies, Inc. (JBTI), came to an agreement with Fundacion Pan America (FPA) to develop Jatropha plantations throughout Latin America.
Beginning next month, JBTI will begin developing a minimum of 100,000 hectares of land across Latin America for the cultivation of Jatropha feedstock and the production of Jatropha oil.
According to the company, each hectare of land will support about 2,000 Jatropha trees which can be interplanted with cash crops like coffee, sugar, fruits and vegetables. Every Jatropha tree produces approximately half a gallon of Jatropha oil per year. The company claims that a Jatropha plantation will generate net income for 35 to 40 years.
In terms of world ecology, the Jatropha tree grows well in poor soils, actually improves soil quality and can be grown in dry land farms or drought situations.
Conservative estimates show that 100,000 hectares of developed land will produce 100 million gallons of oil annually. Currently, soy-based biodiesel (B100) trades for $5.01 a gallon.
This week, the company announced that it will acquire Three Rivers Biofuel LLC, (TRB) and intends to build a Jatropha biofuel plant with a full capacity of 100 million gallons a year when fully upgraded. The plant will be built on a 20-acre parcel that TRB has the rights to in Burnsville, Miss.
"The acquisition of Three Rivers’ Biofuel LLC by Amelot Holdings Inc will give us access to quality feedstock," said Forrest F. "Bud" Stacy, president and CEO of TRB. "We felt that Amelot's strengths matched very well with our expertise in the designing, development, and management of biodiesel facilities. This is the perfect fit and it is a win-win situation."
"Bud Stacy is the only man for this job," said Aziz Hirji need his title And AFFILIATION. "Bud's track record of designing, constructing, and operating large scale energy plants speaks for itself. He took Olgethorpe Power and turned it into a Fortune 500 top 50 utilities company. He is just the kind of person we need and want at Amelot to build our first class Jatropha Biodiesel Plants in the U.S. and around the world."
In addition to direct sales of biodiesel, Amelot also plans to market the following revenue streams globally: consulting for new Jatropha plantations; cloning technology for the production of superior Jatropha seeds; exclusive distribution rights for a new, superior extraction process; and sale of Jatropha seeds and seedlings.
