Investancia signs 30-year offtake deal with ECB for pongamia oil

In Paraguay, Investancia signed a 30-year offtake deal with ECB Group that will see 300,000 tonnes of ‘reforestation oil’ from pongamia oil produced annually by 2030. The deal represents a significant step forward in the global green transport transition. 

The Investancia tree propagation and R&D center, located near Carmelo Peralta, Alto Paraguay, is the world’s largest dedicated elite pongamia tree production site. Its current annual production capacity of 1 million trees will scale over the next 10 years to a total of 50 million trees, planted across 125,000 hectares.