March 27, 2008

Contact:

Cargill to convert waste to energy on Indonesian cassava starch plants

SINGAPORE – Cargill announced today the signing of the third agreement with PT Budi Acid Jaya on the construction, financing and management of an anaerobic digester projects on their Terbangi site in Lampung, with total annual production capacity of 70,000 metric tons of cassava starch. Every year, the digester will capture and convert the cassava effluent from the plant into 4,250 tons of methane gas, thereby preventing the release of 630,000 metric tons of carbon dioxide equivalent into the atmosphere over 10 years. The project will also produce 22,000 megawats of renewable electricity yearly for on-site use.

Cargill Environmental Finance (CEF) will oversee the anaerobic digestion technology of the project and carbon credits will be generated under the Kyoto Protocol’s Clean Development Mechanism.

“We are extremely pleased to continue working closely with the CEF team in developing this opportunity,” said PT BAJ President Director Widarto Santoso. “As with the other two plants, we will produce energy from our organic wastewater to power our plants and reduce our dependency on fossil fuel. The digester will substantially reduce odors while creating a renewable energy source which will help us reduce our overall operating costs.”

“We are very pleased to have the opportunity to work again with an industry leader like PT BAJ,” said CEF Indonesia Manager Nabil Chinniah. “This project clearly demonstrates PT BAJ’s commitment to reduce their overall carbon footprint.”