Amelot Holdings, Inc. (OTC: AMHD) recently announced the formation of its new subsidiary, Jatropha Biofuel Technologies, Inc. (JBTI). The company saw a rise of 100.00% on Tuesday after the announcement.
Amelot Holdings, Inc. is a publicly traded diversified holding company. The company has identified a projected $20 billion opportunity to manufacture renewable fuels to supply the growing demand of fossil fuels, as well as reduce the dependency and provide innovative environmental ideas.
The subsidiary was created to offer a new integrated approach to the development, research, and cultivation, which includes extracting technologies of Jatropha oils and the processing of high grade biodiesel. Being an oil-rich, non-edible plant that is found on wastelands, Jatropha has been classified as a promising alternative energy feedstock for the production of biodiesel. Engaging in intensive research, JBTI will concentrate on harnessing the potential of high yield Jatropha species.
“Jatropha has recently become an agricultural and economic celebrity, with the discovery that it may be the ideal biofuel crop, an alternative to fossil fuels for a world dangerously dependent on oil supplies and deeply alarmed by the effects of global warming,” said Aziz Hirji, President of Amelot Holdings, Inc.
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