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PSO signs MoU for commercial cultivation of bio-diesel

Pakistan State Oil (PSO) has signed a memorandum of understanding (MoU) with the Forest and Wildlife Department, government of Balochistan for the establishment of a 5,000 acres bio-diesel agricultural estate located at Uthal, a statement said on Wednesday.

Naeem Yahya Mir, managing director and CEO of PSO, and Ahmed Ali, secretary Forest and Wildlife Department, government of Balochistan, signed the agreement, it said.

“A pioneer in the oil sector, PSO is striving to identify and overcome the energy challenges being faced by the country,” it said. PSO’s new business development department has previously established an agricultural estate at Pipri Marshalling Yard (PMY) to conduct a feasibility study regarding the cultivation of the Jathropa Curcas plant and extraction of bio-diesel from the seeds of the same, the statement said.

On successful completion of the plant lifecycle and extraction of bio-diesel, the company also carried out product testing by running the company vehicles on this environment-friendly fuel, it said.

With the signing of the MoU, PSO is moving forward with its plan for introducing Jathropa cultivation on a commercial level to set up a pilot project at Uthal, Balochistan as a first step towards mass-cultivation, the statement said.

Mir said that the success of this project would provide multiple environmental and economical benefits for Balochistan and also provides career opportunities for the people of the province.

“We will bring greenery to Balochistan and, at the same time, develop an alternative source of energy for the nation,” he said Ali expressed the provincial government’s support for this plan.

“We commend the national energy company for having taken this step and are hopeful that the project will result in further growth focused investment and economical progress in the region,” he said.

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