Tree-based biofuel company EuphorbUS to open operating site in Hawaii
|October 16, 2012||Posted by Anharris under Client Releases, Cool Companies, Energy, Technology|
Boston, October 16—-Oil seed tree-based biofuel company EuphorbUS today announced that it is expanding its global operations to the United States. The company, which has operated for seven years in East Africa, completed a strategic alliance with the Hawaii Agriculture Research Center in Kauai, Hawaii to begin the transfer of agro forestry protocols to the Hawaiian Islands.
EuphorbUS, incorporated in the US in 2008, completed research and development and has been producing price competitive Pure Plant Oil Biofuel for the residential markets in three East African countries. The company manufactures a renewable, low cost, plant-based fuel oil in Kenya for the East African market. The fuel, which is used to replace petroleum diesel for trucks, farm equipment and industrial and small residential gen sets is produced from oil extracted from widely available nuts of the Croton tree. The tree and others of its species are indigenous to 5 regions of the world—including Africa, Australasia, Indonesia, South America, and Hawaii.
The fuel is cost competitive with petroleum diesel, burns cleaner than petroleum based fuel, can be used with little to no modification for most engines, has been used for centuries in rural regions of the world, and is derived from trees which are not cut to harvest the oil seeds according to Christine Adamow, the EuphorbUS founder and CEO. The extraction and production technology is exceptional in that no chemical inputs are required and the processing facility is self-powered with biomass and fuel produced by the company, making the factory fully rationalized for cost and carbon savings.
“The world is facing rapidly rising costs and depletion of standard fossil fuels, increasing pollution, and a growing need for affordable, clean, safe, and scalable energy to supply the world’s burgeoning economies,” Adamow said. “We are excited to bring our experience in emerging markets and our technology back home, where we can leverage the past 6 year of boots on the ground in East Africa to the US.”
The company is positioning itself for a favorable off take by the US Navy which has a mandate to run the US Global fleet on Biofuel by 2020. Short term, EuphorbUS will prepare the tree protocols for the US market while seeking contractor/parners to produce biofuel for the Global Green Fleet. “From our years of experience we know that the local market is our sweet spot and Hawaii is ready for us. We expect to create a new market for over 120, 000 barrels of Biofuel annually, with employment for over 1000 farmers and up to 75 professional jobs on the Islands,” Adamow said.
EuphorbUS made its announcement as part of an investor presentation at the Global Clean Tech Meet up in Boston, Massachusetts.
EuphorbUS is a Delaware company that grows oil seed trees and produces pure plant oil biofuel.