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| KIMMINIC Corporation |
In the early 20th Century, the discovery and prominence of fossil fuel altered the economies of the “haves” and fueled the boom in the auto, aero and other heavy industrial sectors of the advanced world. Second perhaps only to the industrial revolution, fossil oil has had a major transforming effect on our lifestyle and the environment. Fossil fuel, however, is now also known to be a major contributor to the emissions and green house gases negatively impacting our environment. Besides, there is fast dwindling world reserves of fossil oil, with anticipated global demand outstripping supply by 2035.
As worries over climate change and global oil supplies rise, many see bio-fuel as an alternative to fossil fuel, and a potential source of renewable energy that would significantly curtail greenhouse gas emissions blamed for warming our planet. As a result, there is a major drive towards the production of bio-fuel using varied feedstock.
Kimminic Corporation (KMC) is an entrepreneurial effort at bridging the bio-fuel production gap. It is a quest to create wealth for its stakeholders (shareholders, employees, customers, and business community) and at the same time, provide economic wherewithal to impoverished rural communities in Ghana where our plantations are based. Kimminic Corporation, through its fully owned subsidiaries, Kimminic Estates Limited and Kimminic Oil Limited, cultivates and extracts Jatropha oil and bio-diesel from a non-edible perennial plant called Jatropha.
Currently, KMC is cultivating 13,000 hectares of Jatropha plantation in Northern Ghana. There is a plan to increase the plantation size to 65,000 hectares to produce an estimated 227,000 tons of Jatropha oil and bio-diesel annually, in the next four years.
With increasing demand for bio-diesel coming mainly from European countries, Ghana itself and Ghana’s neighbouring countries, Kimminic Corporation sees the Jatropha plant as providing new business opportunity for wealth creation for our investors and for the farming communities in Ghana. |
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