EQUITECH (LAO) ACQUIRES 6,300 HA OF PLANTED JATROPHA TO BECOME ONE OF THE LARGEST HOLDERS OF PLANTED

(Savannakhet, Laos March 12, 2008) Equitech (Lao) Co., Ltd. Signs 30 Year Agreement with the Agricultural and Handicraft Promotion Association in Savannakhet for jatropha bio-fuel plantations.

EQUITECH (LAO) ACQUIRES 6,300 HA OF PLANTED JATROPHA TO BECOME ONE OF THE LARGEST HOLDERS OF PLANTED JATROPHA IN SE ASIA


(Savannakhet, Laos March 12, 2008) Equitech (Lao) Co., Ltd. Signs 30 Year Agreement with the Agricultural and Handicraft Promotion Association in Savannakhet for jatropha bio-fuel plantations.

Michael Tang, Chairman of Equitech International and Mr. Sounthala Phimmasane of the Agricultural and Handicraft Promotion Association in Savannakhet, Laos signed a ceremonial certificate endorsing the 30-year contract between the multinational bioenergy company and the Association.

The Handicraft and Promotional Association in Savannakhet has partnered with Equitech to promote the planting of up to 41,000 hectares of Jatropha Curcas with the intent to produce an array of bio-generated fuels which include biodiesel, biomass for electricity generation, and organic fertilizer.

This landmark agreement utilizes the Government of Laos' 3 +2 foreign investment scheme where the investor brings investment, access to markets, and transfer of technology and education. The Lao farmers bring land and their labor under an innovative Joint Farming Agreement, which the farmers benefit from multiple income streams through revenue sharing.

Working hand in hand with the farmer is essential and provides an opportunity to help impoverished farmers in Laos develop themselves as income sustaining members of Lao society.

With the signing of this agreement, Equitech (Lao) now is one of the largest landholders of planted jatropha in Asia.

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