Israeli investor eyeing biofuel plantation in E. Nusa Tenggara

Israeli investor Merhavv Group is mulling investing US$700 million to develop biofuel project in the E. Nusa Tenggara province, an Indonesian entrepreneur said.

 

Merhavv Group would use jatropha curcas linn to produce biofuel in Sulamu in Kupang district, Indonesian private firm PT Mahattan director Sudiro Andiwiguna said on Sunday as quoted by Antara news agency.

 

Sudiro and Merhavv Group director Gideon Weinstein and two other Israeli businessmen, namely Jacgues Eshel and Yosef Ziv visited the jatropha curcas linn plantation in Sulamu on Friday.

 

Sudiro said the investment of $700 million would also be used to manage 100,000 ha of jatropha curcas linn plantation in East Sumba district.

 

The news agency did not specify the owner(s) of the plantations in Kupang and East Sumba districts. (*)