Southern Online Bio pact with ICRISAT.
Southern Online Bio Technologies Ltd. (SBT) has entered into
an agreement with ICRISAT to extend technical support to the
farmers for plantations and also started dialogue with bankers
to extend financial support to farmers. The company is planning
to set up a bio diesel production unit near Choutuppal, 60 km
from Hyderabad, which will have a capacity of 30 tonnes a day.
The project is projected to commence commercial production by
April 2005. For meeting the raw material requirement, it has
started encouraging farmers to go for plantation of Pongamia
and Jetropha in their waste lands by providing them buy back
agreements for the seed of these plants, said Satish Kumar,
Managing Director, in a press release here on Thursday. -
Our Special Correspondent