Amelot Holdings, Pan-Am Biofuels form jatropha partnership

November 1, 2007

Amelot Holdings Inc. and Utah-based Pan-Am Biofuels Inc. have entered a joint venture to develop a 2,000-acre jatropha plantation in Guanacaste, Costa Rica. The proposed plantation, expected to be fully operational next year, would produce 3 MMgy of crude jatropha for the production of biodiesel, making it the largest jatropha plantation of its kind in Central America. According to Pan-Am Biofuels President Joseph Black, biodiesel would be refined and initially marketed within the country. For more information about the joint venture, visit www.panambiofuelscorp.com.

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