GEM BioFuels to make first Crude Jatropha Oil (CJO) shipment

GEM BioFuels expects to make its first shipment of crude Jatropha oil by mid-January.

This will comprise two 20-ft shipping containers (approx 20 tonnes each), which are destined for Australia where they will be converted to biodiesel.

A further 20-ft container is expected to ship approximately one week later and will be bound for east Germany where it will be used to produce electricity for inclusion in the local grid.

These sales are based on individual ’spot’ negotiations and do not form part of any on-going contract or off-take agreement.

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