Earth Gen Biofuel expects that the worldwide demand for castor beans would increase for the next 10 years.
The ever expanding end uses of castor oil and its derivatives are the key drivers for increase in world castor seed production. The demand exceeds the current castor seed production by a wide margin. These facts and EarthGen’s goal of becoming one of the largest US-based growers of castor beans have paved the way for the company’s expansion goals.
The company plans to start castor bean operations in South America and US. It also include adding 4000 acres of castor bean farms in Laos over the next two years.