Joint Venture Agreement for Bolivia

Cochabamba, Bolivia, 1 June 2014 – Signing of the Joint Venture Agreement for the additive and biofuel processing, storage, marketing and distribution, establishment of the Centre of Excellence/University and Jatropha Agropolitan Program in Bolivia. Bionas-Bolivia has signed an Agreement with Federacion Sindical de Trabajadores, Lloyd Aereo Boliviano (LAB) to promote and supply the green and clean energy fuel to the aviation industry. LAB has successfully tested Bionas Super Bio-Jetfuel on Boeing 727-200 with 22% savings on fuel consumption, 75% lower vibration, 85% emission reduction and 12 ̊ C lower engine oil temperature.

 

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