Hadidul Huque
Ras Al Khaimah (ARE)
Role(s):
Diesel X
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Startup
Location:
Ras Al Khaimah
Industry:
Energy
Year Founded:
2007
Number Employees:
INVALID
Description:
Diesel X is an innovative technology based company that is planned to establish in Bangladesh. It will be produce bio diesel (B-100) using jatropha seed which is a very high oil yielding variety plant.
Their are various reasons for the high success of the company:
1. Since there is no other company at present in Bangladesh, where bio-diesel is produced and the country has to import large quantities of petroleum diesel from abroad. The demand for bio-diesel is huge due to its cheap price than petroleum diesel.
2. Due to availability of cheap labour it is easy to cultivate jatropha in huge quantities.
3. Tax rebate is allotted for projects that help to reduce carbon emission at the same time create employment as a result the profit margin increases
4. Bangladesh at present is the m