Investorideas.com newswire, renewable energy sector

Tuesday, January 09, 2007

global renewable energy initiatives

the world continues to embrace renewable energy in unexpected places -

Indonesia's SMART signs $5.5 bln bio-energy dealJAKARTA, Jan 9 (Reuters) - China National Offshore Oil Co (CNOOC), Indonesia's PT SMART Tbk and Hong Kong Energy Ltd signed a $5.5 billion renewable energy venture deal on Tuesday, the Indonesian firm said in a statement.
The venture will develop crude palm oil-based bio-diesel and sugarcane or cassava-based bio-ethanol.
source- http://asia.news.yahoo.com/070109/3/2vgbx.html

in South Africa -
The South African cabinet has approved an ambitious biofuels industrial strategy, announced the Department of Minerals and Energy this week (8 January).
It is hoped that the draft biofuels plan will meet 75 per cent of the country's renewable energy target, in compliance with the Kyoto Protocol on climate change, which encourages nations to reduce their reliance on fossil fuels.
full story-
source
http://www.scidev.net/news/index.cfm?fuseaction=readnews&itemid=3323&language=1

No comments:

Investorideas.com renewable energy and green newswire