Kuosol will open opportunities in Mexico
28/10/2010 23:26
Mexico. Kuo Group will join Repsol to form a new company called Kuosol, which is devoted to the cultivation of jatropha and the production of bio-energy.
In a statement sent to the Mexican Stock Exchange (BMV), Kuo Group reports that Kuosol, formed in Mexico with a 50% share for each group will require an initial investment of $15 million dollars and $80 million by 2014.
The new company plans that agronomic development would be completed in the next three years, in order that Kuosol industrial units are implement by 2013 and working at full capacity in 2016.
It is estimated that Kuosol will generate over 400 direct jobs and nearly two thousand temporary.
The industrial conglomerate explains that the new company headquarters will be in Mexico and will range from the agricultural operation to the industrial installation for the use of biomass plantations of jatropha curcas, a bush very resistant to get fuel.
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