VIRIDAS, the Yorkshire firm which is developing biodiesel from rainforests in Brazil, today announced a £850,000 share placing to accelerate its plans.

The Leeds-based AIM-listed company said the placing formed part of a planned series of placings, with funds primarily being used to establish a new "administrative organisation" in Salvador, Brazil.

The cash will also be invested in the acquisition and planting of up to 250 hectares of jatropha plant, an inedible plant which grows in Brazil, which Viridas plans ......for the full story register now for free or login below...