Green Gold builds demo-jatropha farm

Green Gold Ray Energies Inc. (GRYE) announced that a “Demo-Jatropha Farm” is being constructed, located in Libertad, Bunawan, Agusan del Sur, along the national highway going to Davao and Cagayan de Oro. GRYE’s “Fueling the Future” Jatropha Plantations and its Research and Development Center will serve as the showroom and demonstration farm of GreenGold. It is a three-hectare area located in southern part of Agusan, Caraga Region. The company will also plant squash vegetables under the farm’s jatropha trees in order to fend off food scarcity and add income for the the company’s farmers. Meanwhile, GRYE is also acquiring and building a second Biodiesel Refinery Site in Davao del Norte, in a HIJO Ecozone approved area that lies within the sprawling 760-hectare HIJO Estate. The HIJO Ecozone is ideal for light to medium scale manufacturing activities in a wide variety of industries. GreenGold offered to the communities of Mindanao Island full modern toolbox including jatropha seed cultivation-germination technology and seed propagation-protection; thus enhancing the effective and efficient growth of the jatrophas and increasing GRYE’s biodiesel feedstock, that are vital to provide the solutions to this global problem. (March 24, 2009)