1 Dec 2009
UK company invests in forestry/biofuels
Forestry investment and investment in biofuel production, particularly in developing countries in South America (as a result of the ideal climate/ growing conditions there) is encouraging local economies to thirve. Also the recent strong emergence of the bio fuel industry is drastically reducing deforestation in the region due to the actual value of forests in relation to the role they can play in CO2 reduction. Managed forestry plantations are becoming ever more attractive to investors such as Viridas, a United Kingdom based forestry/bio fuels company.
The British biofuel developer has recently staged a share placing to finance a new forestry based, biofuel production in Brazil. The cash raised from the share placing will go towards the acquistion of a forestry plantation
As we are gradually recognising here, biofuels are demonstrating an increasingly clear tendency to replace carbon heavy fossil fuels as they are produced from the by-products of the forestry industry.
Martin Brink, one of the company directors at Viridas stated the company aim was to “take advantage of the growing European Union demand for compliant sustainable biodiesel and biomass sourced from a dedicated energy crop.”
