CHEYENNE, Wyo., March 13, 2008 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) announced its subsidiary, Jatropha Biofuel Technologies, Inc. (JBTI), has come to an agreement with Fundacion Pan America (FPA) to develop Jatropha plantations throughout Latin America.
Beginning next month, JBTI will begin developing a minimum of 100,000 hectares of land across Latin America for the cultivation of Jatropha feedstock and the production of Jatropha oil. Each hectare of land will support about 2,000 Jatropha trees. Every Jatropha tree produces approximately half gallon of Jatropha oil per year. Conservative estimates show that 100,000 hectares of developed land will produce 100 million gallons of oil annually. Currently, Soy-based biodiesel (B100) trades for $5.35 a gallon.
Some of the many benefits of Jatropha plantations include:
Jatropha grows well even on marginal/saline/acidic/alkaline soils and sloped lands.
Jatropha develops without much care and irrigation.
Jatropha grows even in dry-land farming and drought conditions.
Jatropha generates rural employment for cultivation, seed collection, and processing.
Jatropha needs hardly any application of pesticide.
A Jatropha plantation will generate net income for 35-40 years.
Jatropha improves soil fertility throughout their life-cycle.
Jatropha possesses medicinal as well as other multiple uses (e.g. various lubricants).
Jatropha creates green cover for long term ecological benefits.
Jatropha enhances energy security for the country.
"Prime growing areas for Jatropha are located in most of the countries in Latin America," said Aziz Hirji, CEO of Amelot Holdings Inc. "In Latin America, we are strategically positioned to maximize our Jatropha oil production."
About Amelot Holdings, Inc.:
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified a projected $20 billion industry to manufacture renewable fuels to supply the growing demand and to reduce the dependency upon and environmental impact of fossil fuels.
The Amelot Holdings, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2149
About Fundacion Pan America:
Fundacion Pan America is a Panamanian Private Interest Foundation constituted in accordance with Law 25 of the 25th of June, 1995, of the Republic of Panama. The foundation is made up of a group of business enterprises which promote the commercial integration of Latin America into the economic development of the Western Hemisphere. Through strong partnerships with governments, foundations, and some of the best companies in the world, FPA supports sophisticated infrastructure projects in emerging markets in a way that both enhances and protects the natural habitat, while placing the power of the world's financial and ecological future in the hands of the individual.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.