(Investancia/EIN Newswire) Pongamia Trees will produce 300,000 tonnes of sustainable second generation feedstock every year by 2030 in boost for global green transport initiatives
– Leading agroforestry and research company Investancia today signed a 30-year offtake deal with ECB Group that will see 300,000 tonnes of ‘reforestation oil’ from pongamia oil produced annually by 2030. The deal represents a significant step forward in the global green transport transition.
The Investancia tree propagation and R&D centre, located near Carmelo Peralta, Alto Paraguay, is the world’s largest dedicated elite pongamia tree production site. Its current annual production capacity of 1 million trees will scale over the next 10 years to a total of 50 million trees, planted across 125,000 hectares.
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