Centre okays Southern Bio Tech's bio-diesel project in Andhra.
Our Hyderabad Bureau
THE UNION Environment Ministry
has granted "host country approval" to Hyderabad's
Southern Bio Technologies for its proposed bio-diesel project
in the state. The approval is under the terms of the clean development
mechanism of the Kyoto Protocol.
With the government approval,
the company can sell certified emission reductions to global
carbon purchasers under the terms laid down by the United Nations
framework convention for climate change.
Southern Bio Technologies Managing
Director N Satish Kumar said in a statement "We are delighted
that the government has granted host country approval to the
first bio-diesel project in the country."
He said a consortium of German
companies, the World Bank and other private groups have evinced
interest in purchasing carbon from the company. Southern Bio
Technologies will produce bio-diesel by processing from raw
oils of pongamia and jatropha at a plant located at Chautupal
in Nalgonda district.
to a detailed report prepared by consultant Zenith Energy, greenhouse
gases equivalent to 27,000 tonnes of carbon dioxide will be
avoided each year from the production of 30 tonnes of bio-diesel