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Selcuk Food to produce energy from Olive Oil Cake.
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<pre>Turkish Daily News Selcuk Gida has entered the food sector with a number of large investments, and it is also planning to apply to the Energy Ministry to get permission to produce energy from oil cake. Company officials said that this kind of energy production would be a first in Turkey. Selcuk Gida Executive Board Chairman Eli Alharal said that a new company had been set up under the name of Sel Energy A.S. for the oil venture. Sel Energy A.S. will produce energy from oil cake material, which is an environmentally-safe waste product made from olive oil. Selcuk Gida has been listed on the Istanbul Stock Exchange (IMKB) since July 1999. "The energy power station will be Turkey's first Biomass product and it will cost about $20 million," Alharal said. "The station will be established in Aydin's Germencik district and should be completed within 14 months. Some 40 percent of the energy will be used for Selcuk Gida A.S., 60 percent of the energy will sell to Turkey Electric Distributing Company [TEDAS]." Selcuk Gida exports reach $20 million. Alharal also said that Selcuk Gida was introducing its products through direct marketing in Europe, the United States and Israel. Some 95 percent of its dried fruit exports are sold under the Eagle brand. "Selcuk Gida has a large customer portfolio," he said. "Among our customers are the companies Carrefour, Continent, Coop Suisse Aldi and Lidl, and our exports increase every year. Selcuk Gida's exports in 1985 totaled $700,000. This number should increase to $20 million this year. We also have been working with Migros, Tansas, Kipa and Gima in the domestic market." ===== Constantine Alexander http://www.OliveTree.cc Where Olive Oil is a Passion http://www.PapasHaven-subscribe@egroups.com/ "Olio nuovo e vino vecchio" __________________________________________________ Do You Yahoo!? Yahoo! Calendar - Get organized for the holidays! http://calendar.yahoo.com/ </pre> </td></tr></table> |
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