Buchanan Renewables Sponsors U.S.–Africa Business Summit
Company Positions Liberia as World’s First Sustainable Biomass Driven Economy
(EMAILWIRE.COM, August 15, 2009 ) Washington, D.C.— The Corporate Council on Africa (CCA) today announced that Buchanan Renewables (BR) will sponsor the 7th Biennial U.S. – Africa Business Summit: Realizing the Investment Power of Africa, to be held at the Walter E. Washington Convention Center in Washington, D.C., September 29 – October 1, 2009.
“We have entered a new age in the energy industry,” said Stephen Hayes, president and CEO of CCA. “With the innovation of Buchanan Renewables, Africa is taking part in this remarkable new era.”
Buchanan Renewables Power, a member of the Buchanan Renewables Group, is establishing a 36 MW wood fired, CO2 neutral power plant to supply electricity to Monrovia, the capital city of Liberia. Creating hundreds of jobs, the plant will be fueled by woodchips from non-productive rubber trees. In so doing, BR is also stimulating the rejuvenation of rubber plantations by taking out the old non-productive trees and replacing them with vibrant and productive young ones. The company aims to generate electricity from natural, non-edible, renewable and sustainable resources indigenous throughout West Africa. Buchanan focuses on projects that are environmentally and socially sound with special emphasis on the reduction of greenhouse gases.
“This project reiterates the importance of renewable bio-fuels in today’s global economy,” said Richard Tolbert, Chairman of Liberia’s National Investment Commission and Economic Advisor to President Ellen Johnson Sirleaf. “Through this Public-Private Partnership, our agricultural efforts are complimented and our rubber sector rejuvenated. This is the model for Africa and Liberia is setting the precedent for the rest of the continent to follow.” At the U.S.-Africa Business Summit, Tolbert, the Overseas Private Investment Corporation (OPIC), and BR will present their unique approach in the workshop Flipping the Switch on African Renewable Energy.
For more information on and to register for the 7th Biennial U.S. – Africa Business Summit, visit: www.africacncl.org. All working media must be credentialed to cover the summit. Please open the following link: 09 Summit Media Credential Form and submit media form to: summit@africacncl.org.
Through an electronic matchmaking program, summit registrants may schedule meetings with BR through logging on at: http://meetings.pgcedc.com/register.html. Registrants may also schedule meetings with companies from other sectors including agribusiness, financial services, health, infrastructure, natural resources development and tourism.
Buchanan Renewables joins Chevron; Exxon Mobil; Lockheed Martin; Fleishman-Hillard; Novus International; Marathon Oil Company; Northrop Grumman; South African Airways; USAID; Abbot Fund; Acrow Bridges; Colgate Palmolive; Hess Corporation; AllAfrica.com; Jeune Afrique; Groupe Jeune Afrique; Acrow Bridges; Raytheon; SOC; Abbot Fund; Freeport-McMoRan Copper & Gold Inc.; Johnson & Johnson; JR Boulle Corporations; Merck & Co. Inc; Oceanic Bank; Pfizer; PriceWaterhouseCoopers; SEACOM; Tetra Tech; AECOM; Africa Export-Import Bank; American Cancer Society; Boeing Company; CCA HIV/AIDS Initiative; Emerging Capitals Partners; Development Finance International; Gauteng Province; L-1 Identity Solutions; Millennium Challenge Corporation; Mars, Inc.; and MITC Investimentos, as sponsors of the summit.
About Buchanan Renewables
Buchanan Renewables is committed to being a highly successful growth company in the renewable resources and power business. The underlying principle of the company is to create wealth from projects that are environmentally and socially sound with special emphasis on the reduction of greenhouse gases.
About The Corporate Council on Africa
Established in 1993, The Corporate Council on Africa is a nonpartisan 501 (c) (3) membership organization of nearly 180 U.S. companies dedicated to strengthening the commercial relationship between the U.S. and Africa. CCA members represent nearly 85 percent of total U.S. private sector investments in Africa. The organization is dedicated to bringing together potential business partners and to showcase business opportunities on the continent.
CONTACT: Nicole Amarteifio, +1 202 263 3538, namarteifio@africacncl.org
CONTACT: Roosevelt Gould, +231 77 989 066, roosevelt.gould@buchananrenewables.com
“We have entered a new age in the energy industry,” said Stephen Hayes, president and CEO of CCA. “With the innovation of Buchanan Renewables, Africa is taking part in this remarkable new era.”
Buchanan Renewables Power, a member of the Buchanan Renewables Group, is establishing a 36 MW wood fired, CO2 neutral power plant to supply electricity to Monrovia, the capital city of Liberia. Creating hundreds of jobs, the plant will be fueled by woodchips from non-productive rubber trees. In so doing, BR is also stimulating the rejuvenation of rubber plantations by taking out the old non-productive trees and replacing them with vibrant and productive young ones. The company aims to generate electricity from natural, non-edible, renewable and sustainable resources indigenous throughout West Africa. Buchanan focuses on projects that are environmentally and socially sound with special emphasis on the reduction of greenhouse gases.
“This project reiterates the importance of renewable bio-fuels in today’s global economy,” said Richard Tolbert, Chairman of Liberia’s National Investment Commission and Economic Advisor to President Ellen Johnson Sirleaf. “Through this Public-Private Partnership, our agricultural efforts are complimented and our rubber sector rejuvenated. This is the model for Africa and Liberia is setting the precedent for the rest of the continent to follow.” At the U.S.-Africa Business Summit, Tolbert, the Overseas Private Investment Corporation (OPIC), and BR will present their unique approach in the workshop Flipping the Switch on African Renewable Energy.
For more information on and to register for the 7th Biennial U.S. – Africa Business Summit, visit: www.africacncl.org. All working media must be credentialed to cover the summit. Please open the following link: 09 Summit Media Credential Form and submit media form to: summit@africacncl.org.
Through an electronic matchmaking program, summit registrants may schedule meetings with BR through logging on at: http://meetings.pgcedc.com/register.html. Registrants may also schedule meetings with companies from other sectors including agribusiness, financial services, health, infrastructure, natural resources development and tourism.
Buchanan Renewables joins Chevron; Exxon Mobil; Lockheed Martin; Fleishman-Hillard; Novus International; Marathon Oil Company; Northrop Grumman; South African Airways; USAID; Abbot Fund; Acrow Bridges; Colgate Palmolive; Hess Corporation; AllAfrica.com; Jeune Afrique; Groupe Jeune Afrique; Acrow Bridges; Raytheon; SOC; Abbot Fund; Freeport-McMoRan Copper & Gold Inc.; Johnson & Johnson; JR Boulle Corporations; Merck & Co. Inc; Oceanic Bank; Pfizer; PriceWaterhouseCoopers; SEACOM; Tetra Tech; AECOM; Africa Export-Import Bank; American Cancer Society; Boeing Company; CCA HIV/AIDS Initiative; Emerging Capitals Partners; Development Finance International; Gauteng Province; L-1 Identity Solutions; Millennium Challenge Corporation; Mars, Inc.; and MITC Investimentos, as sponsors of the summit.
About Buchanan Renewables
Buchanan Renewables is committed to being a highly successful growth company in the renewable resources and power business. The underlying principle of the company is to create wealth from projects that are environmentally and socially sound with special emphasis on the reduction of greenhouse gases.
About The Corporate Council on Africa
Established in 1993, The Corporate Council on Africa is a nonpartisan 501 (c) (3) membership organization of nearly 180 U.S. companies dedicated to strengthening the commercial relationship between the U.S. and Africa. CCA members represent nearly 85 percent of total U.S. private sector investments in Africa. The organization is dedicated to bringing together potential business partners and to showcase business opportunities on the continent.
CONTACT: Nicole Amarteifio, +1 202 263 3538, namarteifio@africacncl.org
CONTACT: Roosevelt Gould, +231 77 989 066, roosevelt.gould@buchananrenewables.com
Contact Information:
The Corporate Council on Africa (CCA)
Nicole Amarteifio
Tel: +1 202 263 3538,
Email us
The Corporate Council on Africa (CCA)
Nicole Amarteifio
Tel: +1 202 263 3538,
Email us
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