Monday, March 26, 2007

De Beers Biodiesel plan: Commercially Unproven

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De Beers Biodiesel plan: Commercially unproven

26 Mar 2007, by: Jana Marais

The business plan of biodiesel group De Beers Fuel, which has already sold 27 franchises and 40m shares to the public, rests on technology that hasn't yet seen its economic viability being commercially proven, says this report.

De Beers Fuel is currently running only a research plant at Mookgopong (Naboomspruit) and plans to complete the first four commercial biodiesel plants within the next six to eight weeks.

The plants will initially use traditional raw materials, such as sunflower oil, which is imported. The business plan is based on the plants switching to algae oil within the next 18 months to two years.

Read the full news report from here @ Fin 24, South Africa

Nature gave us oil from algae; perhaps we should try Nature's way again

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