BUSINESS
STANDARD Tie-up with Icrisat Southern Online Bio Technologies limited (SBT) has entered into an agreement with International Crops Research Institute for the Semi-Arid Tropics (Icrisat) to encourage cultivation of jatropha and pongamia plants by farmers in their waste lands. It has also started negotiations with banks to extend financial assistance to farmers. It is also in negotiations to sell carbon emission reduction (CER) achieved through a bio-diesel plant being set up near the city with a capacity of 30 tonnes per day. A German consortium had already given a letter of intent (Lol) to buy around 3000 tonnes of CERs at a cost of six euros per tonne. The company is at present holding talks with the Bio Carbon Fund of World Bank to sell CERs to them as well. MEDIA JUNCTIOn |
