By Michael Ricciardi •
November 29, 2009
The destruction of the Earth’s protective ozone layer (and the growth of the “hole” in this layer over the South Pole) due to the action of human-made chemicals was the leading environmental issue of the last century (entering the public lexicon sometime in the mid 1980’s), and no doubt prompted wider concerns about “greenhouse” effects and global warming that occupy so much climate science reporting today. The main (or most publicized) culprit of this ozone loss was a chemical called [...]
Hong Kong magnate Stanley Ho is at it again. Not formulating a “Ho Plan” for Hong Kong energy security that centers around wind power, as the growing similarities between him and T. Boone Pickens might suggest. Stanley Ho’s investment du jour, while on par with his recently established eco-trend, will not be in Asia. Rather, the biofuel play will be located off of the Western coast of Africa.
Geocapital, a Macau-based investment holding company started in 2007 and comprised of partner investors Stanley Ho and Jorge Ferro Ribeiro, is in negotiations with the Government of Cape Verde to install a biofuels research and development center on the African archipelago, Portugal’s Lusa news agency recently reported.
The pair hopes to take advantage of Cape Verde’s experience producing biofuels from jatropha, a crop that yields ten times the output of corn plants. Jatropha-based biofuel is considered one of the best candidates for future biofuel production, and has already been successfully tested as a substitute for jet fuel in commercial airplanes. The poisonous seed has a long history as a fuel source: in the early 1900s, it was exported to France and Portugal for use in streetlamps.