SG Biofuels Seeks $31 Million IDB Loan for Guatemala Jatropha
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SG Biofuels Inc., the renewable fuel company working with Airbus SAS, may receive $30.6 million in financing from the Inter-American Development Bank for jatropha plantations in Guatemala.
SG Biofuels will use the funds to plant 25,000 acres (10,100 hectares) of the energy crop on low-quality land unsuitable for food production, the San Diego-based company said today in a statement.