LOI to Establish Bio-Oil based on Biomass

Copex Asset Development Ltd. of Mauritius and SamoaFiber Holdings of La Pointe, Wisconsin & Lima, Peru, have signed a letter of interest (LOI) to proceed with the due diligence, financing, development and marketing of SamoaFiber Bio-Oil, an oil based on a fast-growing and renewable source of energy for the growing biofuel market. SamoaFiber Holdings will grow the SamoaFiber plant in Eastern Peru and process the biomass into bio-oil via the proven fast pyrolysis processing method.
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