Yoma to acquire Myanmar land for jatropha

27 February 2007 03:27  [Source: ICIS news]

SINGAPORE (ICIS news)--Yoma Strategic Holdings announced late on Monday that it will buy into a firm which owns land in south Myanmar for an undisclosed sum to cultivate jatropha – a biodiesel feedstock.

The move will help to secure the Singapore-listed property developer’s access to biodiesel feedstock, and marks its entry into the plantation and renewable energy industry, it said in a statement.

Yoma will acquire a majority stake in Plantation Resources Pte Ltd (PRPL), which has exclusive rights to a 100,000 acre (404.7 square kilometre) piece of land in south Myanmar, for the cultivation of jatropha.

A thousand acres of land have so far been cleared in the Maw Tin Estate of the country’s Ayeyarwady division, with an additional 3,000 acres scheduled to be cleared by June this year, the company said. 

Yoma expects to have 42,622 acres of land cleared for plantation of the hardy crop by the end of 2010, it added.

By: Keith Tan Liming
+65 6780 4359

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