Firm Announces Rice Energy Plan in Cambodia

17 April 2013
The Cambodia Daily
Agricultural production / Agriculture and fishing / Crop products and commodities / Economy and commerce / Energy / Generation and distribution facilities / Investment / Land / Rice / Trade
Asia-Pacific / Berlin Stock Exchange / biomass / cassava plantation / Chinese aid / Genetically Modified Rice / Hong Kong / Nevada / Noble Success Limited / Ohio / OTC Pink Exchange / Rice Energy Plantation / rice plantation / Shenzhen / Sino Bioenergy Corp. / Sky Energy Holdings Limited / Super Rice Cultivation

A U.S.-based energy company has announced that it is planning a biomass project using genetically modified rice in Cambodia, in a purportedly massive deal about which little information has been made public. In a statement posted online Thursday, Sino Bioenergy Corp. said it had signed a memorandum of understanding to acquire Sky Energy Holdings Limited for $119.3 million, with the purchase set to take place 90 days after the signing. According to the statement, Sky Energy Holdings Limited owns 51 percent of another company, Noble Success Limited, which has 20,000 hectares of agricultural land in Cambodia. …

http://www.cambodiadaily.com/business/firm-announces-rice-energy-plan-in-cambodia-19105/