TSXV:AAA.P - Post by User
Post by
aaa-ftwon Mar 11, 2011 8:51pm
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Post# 18274271
Ethiopia is Taking Names
Ethiopia is Taking NamesI was reading this article about how Ethiopia intends to increase ethanol production.
Ethiopia to Increase Ethanol Content in Gasoline to 10%
Although the types of crops intended for bio-fuel production may not necessarily benefit from potash, what I DID find interesting was how the government deals with companies that don't make good on their commitments to the government. I wonder if this is why some of the potash concessions that aren't being developed may be up fro grabs by those that are prepared to "get 'er done"...
In his briefing, the state minister confirmed that, while designing this massive plan of developing bio-fuels projects, the government had hoped that private investors would contribute a lot; however, most of them failed to so.
He also explained that his office has identified those investors and sent their name to the Ethiopian Investment Agency and other pertinent government organizations to take action against these companies who didn’t live up with their commitment. But the state Minister declined to mention the names of those companies