One for Sparky
PSO signs MoU on Jathropa cultivation in Balochistan
By: Our Staff Reporter | June 07, 2012 | 0
KARACHI - Pakistan State Oil (PSO), the nation’s leading energy company, has signed a Memorandum of Understanding (MoU) with the Forest & Wildlife Department, Government of Balochistan for the establishment of a 5,000 acre bio-diesel agricultural estate located at Uthal, Balochistan.
The signatories on this occasion were Naeem Yayha Mir, MD & CEO PSO and Ahmed Ali, Secretary- Forest & Wildlife Department, Government of Balochistan. Also present on the occasion were Azam Deputy Secretary – Forest and Wildlife (GoB), Navaid Alam Zuberi, Senior General Manager (Projects) PSO and Nawaid Anjum Zaidi, Head of New Business Development PSO. A pioneer in the oil sector, PSO is striving to identify and overcome the energy challenges, the country is facing. In this regard, PSO’s New Business Development department had previously established an agricultural estate at Pipri Marshalling Yard to conduct a feasibility study regarding cultivation of Jathropa Curcas plant and extraction of bio-diesel from its seeds.
On successful completion of the plant life-cycle and extraction of bio-diesel, the company also carried out product testing by running company vehicles on this environment friendly fuel. With the signing of this MoU, PSO is moving forward, with its plans for introducing Jathropa cultivation on a commercial level to set up a pilot project at Uthal, Balochistan as a first step towards mass-cultivation.
Speaking at the occasion, Naeem Y. Mir, MD PSO stated that ‘the success of this project will provide multiple environmental and economical benefits for Balochistan and also provide career opportunities for the people of the province.’ He also pledged “We will bring greenery to Balochistan and at the same time develop an alternate source of energy for the nation.” Separately, Ahmed Ali, Secretary - Forest and Wildlife Department, Balochistan expressed the provincial government’s support for this plan and said “We commend the national energy company for having taken this step and are hopeful that project will result in further growth focused investment and economical progress in the region.”
This initiative is another first in a long line of achievements for PSO. Through this plantation the company aims to produce a renewable fuel source that will help bridge energy gap of the country and reduce dependence on foreign fuel imports. Dedicated to serving the energy needs of the nation, PSO is cognizant of its responsibilities and continues to stand by the country at all times.
PSO signs MoU on Jathropa cultivation in Balochistan | The Nation