Biofuels,
such as biodiesel and ethanol, are being developed as a response to
climate change, high oil prices and an increasing lack of secure energy
supplies.
GEM BioFuels has been established to supply jatropha-based feedstock to the rapidly growing global biodiesel market. The Directors believe that one of the most significant potential constraints on the growth of this market is the relatively limited supply of biodiesel feedstock, and that this provides a significant commercial opportunity for the Company.