Executive Summary

Gem BioFuels plc has been established to supply feedstock to the rapidly growing global biodiesel market. The Director's believe that one of the most significant potential constraints on the growth of this market is the relatively limited supply of biodiesel feedstock, and that this provides a significant commercial opportunity for the Company. Gem BioFuels will initially focus on the Jatropha Curcas tree and the vegetable oil that is produced from its seeds. The Group has entered into 18 agreements with Communes in relation to 452,500 hectares of land suitable for the establishment of plantations in Madagascar (the main country of operation). These agreements give the Group the exclusive right to establish Jatropha plantations on the Communes' land. In addition the Group has an agreement in relation to 40,000 hectares containing natural forest, including significant numbers of mature wild Jatropha. To date approximately 13,300 hectares have been planted on 9 Commune areas.

 

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