Investancia and ECB sign deal
Reforestation with Pongamia
Pongamia tree
Pongamia Trees will produce 300,000 tonnes of sustainable second generation feedstock every year by 2030 in boost for global green transport initiatives.
We are extremely proud to team-up with the strategic investment of ECB to establish the first major HVO refinery in the southern hemisphere.” Marcel van Heesewijk, CEO & Founder of Investancia ASUNCIóN, PARAGUAY, February 23, 2021 /EINPresswire.com/ Leading agroforestry and research company Investancia today signed a 30-year offtake deal with ECB Group that will see 300,000 tonnes of ‘reforestation oil’ from pongamia oil produced annually by 2030. The deal represents a significant step forward in the global green transport transition.
(Investancia/EIN Newswire) Pongamia Trees will produce 300,000 tonnes of sustainable second generation feedstock every year by 2030 in boost for global green transport initiatives
– Leading agroforestry and research company Investancia today signed a 30-year offtake deal with ECB Group that will see 300,000 tonnes of ‘reforestation oil’ from pongamia oil produced annually by 2030. The deal represents a significant step forward in the global green transport transition.
The Investancia tree propagation and R&D centre, located near Carmelo Peralta, Alto Paraguay, is the world’s largest dedicated elite pongamia tree production site. Its current annual production capacity of 1 million trees will scale over the next 10 years to a total of 50 million trees, planted across 125,000 hectares.