Commitment to Action

Petra Initiative for Poverty Eradication (PIPE)

Commitment by

Petra Group

In 2007, Datuk Vinod Sekhar, Chief Executive of the Petra Trust, committed to help reduce poverty and create sustainable employment and wealth in the West Indies through the establishment of a Jatropha curcus-powered biodiesel plant. The Petra Initiative for Poverty Eradication (PIPE) plans to bring together the Governments of St. Vincent of the Grenadines (SVG) and Guyana, as well as provide the technology and management expertise of the Petra Group to develop a world-leading biodiesel facility.

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Overview
Summary

Commitment

Petra Initiative for Poverty Eradication (PIPE)

Launched

2007

Est. Duration

5 years

Estimated Total Value

$100,000,000

Region

Northern America

Countries

West Indies

Commitment by

Petra Group

Partner(s) of the Commitment Maker(s)

Cooperative Republic of Guyana, Governments of St Vincent and Grenadine, The Petra Trust, Sekhar Foundation