Sweden Bio Energy to invest in Indonesia

The Swedish company, Sweden Bio Energy, will invest around US$143 million in biofuel development in Indonesia by opening a jatropha curcas plantation on 100,000 hectares of land and setting up a biofuel processing plant with an annual capacity of 350,000 tons in East Nusatenggara (NTT) province in the near future, according to Indonesian Biofuel Development National Team Chairman Al Hilal Hamdi. Sweden Bio Energy is one of 50 private companies interested in participating in biofuels in Indonesia at a total cost of US$17 billion over the next few years. (July 30, 2007)