Curcas Oil N.V.
Curcas Oil N.V. receives approval by government in Indonesia
Curcas Oil N.V. / Agreement 11.01.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Curcas Oil N.V. receives approval by government in Indonesia Amsterdam, The Netherlands, January 11th, 2010 - After a one year testing phase, Curcas Oil N.V. will, as the first energy company worldwide, establish a manufacturing location on the island of Sumba, Indonesia, for harvesting and processing of the Jatropha fruit. For the expansion of the activities in Indonesia an additional squeezing machine and technical inventory has been ordered today. Because of the granted privilege through the government department, the cultivation area for own plantations will be increased significantly. Following extensive scrutiny and approval processes of the responsible government department, Curcas Oil N.V. initially received 1,000 ha of land for the cultivation of the plant in Sumba. The 95% subsidiary, PT Pengembangan Jarak Indonesia, exclusively receives the land lease title for the entire parcels of land for 40 years. The multistage examinations for the analysis of ground and weather conditions were successfully finalized in January. For the immediate implementation, know-how as well as qualified personnel of the existing testing phase in Indonesia will be taken on. Furthermore, additional local workers will be trained and integrated. The original testing facility will be used as nursery farm for the supply of seedlings. In order to guarantee a rapid expansion of the land area, the Curcas Oil subsidiary formed a competence team together with the local government department. Currently, they evaluate the possibilities for transferring additional parcels of land. Curcas Oil N.V. generates jobs in the areas of engineering, processing and agriculture. Through the transfer of this and additional areas of land, government representatives aim for a positive stimulation of the local economic situation. About Curcas Oil N.V. Curcas Oil N.V. is a producer of Jatropha Crude Oil. With its subsidiaries Alternative Energy Manufacturing Ltd. (Thailand) and PT Pengembangan Jarak Indonesia, Curcas Oil N.V. cultivates Jatropha Curcas plants for the production of Jatropha Crude Oil in a sustainable and responsible manner. Curcas Oil N.V. Haaksbergweg 71 1101 BR Amsterdam The Netherlands Tel. +31 20 312 1212 info@curcas-oil.com www.curcas-oil.com 11.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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