InvestInJatropha.net

St. Petersburg, FL—FutureWorld Energy (PINKSHEETS: FWDG), a vertically integrated “green” energy holding company, announced August 31 a Letter of Intent to acquire an interest in Enhanced Biofuels and Technologies (EBT).

 Based in India, the private research lab provides over eight years of research and development of biofuels and bioenergy using only non-edible feedstock. 

EBT’s groundbreaking jatropha-related technology was valued between 80 to 100 Million dollars in a private valuation by Ernst and Young in mid 2008. 

Terms of the LOI and Definitive Agreement are subject to normal due diligence from both companies with details to be released in the near future.

 Through our acquisition of interest in EBT, FutureWorld energy’s long-term plan is to put in production thousands of hectares of jatropha plantations in India, Southern Africa, Asia, Central and South America for cultivation and production of Bio-Crude oil (which could then be refined to Biodiesel, Jet fuel and other bio-related oils and fuels) to supply the anticipated global demand for biodiesel (only) of around 12.5 billion liters a year from 2010-11.

 There is substantial global shortage of bio-Crude oil from non-edible feedstock. 

There are approximately 170 biodiesel plants in production in the United States alone and thousands globally, and there exists an incredible opportunity to penetrate this market aggressively seeking new biodiesel production capacity. 

When it comes to alternatives to oil, research now shows that jatropha oil hold the greatest short and long-term promise among all other options available. 

“We are extremely optimistic and excited to have the opportunity to enter into this LOI with EBT and negotiate the acquisition on behalf of our FutureWorld Renewable Energy Portfolio. 

“When we successfully complete this purchase, we believe the development and release of this exciting new technology could allow FutureWorld Energy to become a leading producer, distributor, and manufacturer of bio-crude oil stock globally, as well as providing a major solution to help end our country’s dependency on foreign oil,” stated Sam Talari for FutureWorld Energy.”