Curcas Oil N.V.
Curcas Oil N.V. starts the process for obtaining the ISCC-certification as one of the first producers of Jatropha biofuel
Curcas Oil N.V. / Key word(s): Miscellaneous
Corporate News Curcas Oil N.V. starts the process for obtaining the ISCC-certification as one of the first producers of Jatropha biofuel – The subsidiary Alternative Energy Manufacturing Ltd. is registered by ISCC in Cologne, Germany – Certification confirms sustainable production process and enhances sales opportunities As a first step, Curcas-Oil N.V. has registered its Thai subsidiary 'Alternative Energy Manufacturing Ltd.' with the International Sustainability and Carbon Certification e.V. (ISCC) in Cologne, Germany on August 16, 2011. 'TÜV Rheinland Cert GmbH' has been charged with the auditing. Once the Thai subsidiary has obtained certification (planned in Q4/2011), the other subsidiaries of Curcas Oil N.V., 'Curcas Oil Philippines Inc.' and 'PT Pengembangan Jarak Indonesia' will complete the preliminaries for the auditing, using its own personnel with the know-how from the Thai pilot project. 'TÜV Rheinland CERT GmbH' will be also appointed as certification authority for other subsidiaries. Both of the subsidiaries in the Philippines and Indonesia should be certified by the middle of 2012.
Underlying requirement of the certification process is the sustainable production of biomass set by the EU in 2009 (Renewable Energies Directive (2009/28/EU)). Germany has already implemented this EU directive into national legislation (biofuel sustainability regulation and the biomass electricity sustainability ordinance). In compliance with this, companies, who want to receive remuneration through the German Renewable Energy Sources Act (EEG) or who wish to credit to the biofuel quota, are required to verify, that their commodities are produced under the sustainability ordinances, as of January 1, 2011. ISCC (www.iscc-system.org) implements these statutory requirements at all stages of the production process. With the certification of its subsidiaries, Curcas Oil N.V. is in compliance with the law in regard to sustainability. Due to the demonstrably sustainable cultivation, the company improves the sales potential of the products.
About Curcas Oil N.V. End of Corporate News 07.10.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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