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Chinese Investors Showing Interest in Biodiesel Palm Oil Plants in North Sumatra

Make way jungle, we want oil! by Films4ConservationBiofuels Digest reports that a group of Chinese investors are showing interest in palm oil-based biodiesel production in North Sumatra.  The investment group has sent an exploration team and is investigating the financing of construction projects that would commence in 2009. 

Berita Sore points out that crude palm oil and other animal/phyto oil exports in the January-October 2008 period were valued at US$3.947 million, up 66.18 percent from the same period last year.  China was North Sumatra’s third largest export destination after India and Japan, which may in part help to explain the growing interest from Chinese investors.   

Photo Credit: Films4Conservation via Flickr’s Media Commons

Written by John-Paul Maxfield

John-Paul Maxfield is the founder of Waste Farmers. Waste Farmers is a next generation sustainable agricultural company focused on helping humanity meet current and future food demands, while decreasing agriculture’s environmental footprint. The Company started in 2009 with $9,000 and a belief that idealism and capitalism can coexist. Today Waste Farmers has evolved into an innovator respected by leaders in the global community for developing simple solutions to the complex problems of modern agriculture and food security. Prior to starting Waste Farmers, John-Paul founded the "The Inspired Economist", a blog focused on covering the people, places, ideas, and technologies inspiring positive change and redefining capitalism.
In addition, John-Paul served as an Associate a private equity group specializing in small to mid cap service companies. In this capacity he focused on planning, forecasting, budgeting, and performance evaluation of MBH and its designated subsidiaries. Prior to joining MBH, John-Paul was an Analyst with Alvarez and Marsal where he spent the majority of his time on a team that aided Louisiana’s Recovery School District with the restoration of public schools post Hurricanes Katrina and Rita.

John-Paul is active in the Colorado community, serving on the Board of the Rocky Mountain MS Center. In 2007 he was selected as one of the “Fifty for the Future” by the Colorado Statesman and is a graduate of the inaugural class of Impact Denver. John-Paul holds a BA from the University of Colorado.

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