Pure Biofuels to Lease Land in Peru for Palm Oil Cultivation

Los Angeles, California [] Pure Biofuels announced its plans to lease 60,000 hectares near the city of Pucallpa in central Peru for the cultivation of palm oil from African Palm as oil-feedstock for its Callao Port biodiesel production facility on the coast near Lima. The land, currently empty and degraded, is being made available to Pure Biofuels under a sanction agreement with the government of Peru. The company expects to complete its application process and finalize its lease in the coming months.