American Firm Plans Bio-Diesel Plant in Gambia
The Independent (Banjul)
NEWS
November 11, 2002
Posted to the web November 11, 2002
By Paschal Eze
Banjul
An American company, Global Bio-En ergy Inc., plans to kick off a bio-die
sel project in the country in March 2003 as its contribution towards the
country's poverty alleviation efforts.
The company hopes to set up a plant that will convert groundnut oil into
diesel fuel, which can be used in any diesel engine without modification
and without any adverse effect on engine performance or life. It can also
be mixed with regular (petroleum) diesel or used in a pure form.
Among the ecological benefits of bio-diesel are that it contains no sulfur
and does not add net CO2 to the atmosphere. It is currently being produced
in many countries such as France and Germany, which use a high percentage
of bio-diesel mixed with petroleum diesel.
The plant will also produce seed meal to be used as animal feed, and
glycerol to be used in producing detergents.
Tim Cassidy, its senior vice president of international development, who
had served as a US Peace Corps volunteer in The Gambia from 1994 to 1996,
told this paper that they are currently working out details with
distributors.
Global Bio-energy Inc. believes The Gambia offers a unique opportunity in
the field of alternative fuels, given the low price of oil seed crop and
the high price of diesel fuel as well as the deep seaport with modern
facilities, a stable government that encourages foreign investment, and an
energetic and diligent work force. The company is owned by Andrew
McLoughlin, assistant vice-president at Deutche Bank, James Funck, a doyen
of the US financial industry who had worked in Africa and Latin America,
and Tim Cassidy, a forestry expert.
--
There is a time in the life of every problem when it is big enough to see,
yet small enough to solve (Mike Leavitt)
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