“Biodiesel is the name of clean burning alternative fuel. Produced from vegetable and animal oil, it is very environment friendly and its production cost is much less than that of diesel," JB Group Chairman Mohammad Selim said yesterday at a press conference organised by the company at the National Press Club in the city.

Frontier Japan, a wing of Taiyo Group of Company Japan, will provide the plant with financial and technological supports.

The plant, worth about $6 million, will increase employment opportunities as well as government's earnings, he hoped.

Importing different row materials such as palm oil from the East Asian countries, the plant is expected to produce about 60,000 litres biodiesel everyday. Such plant will be expanded to every district later based on its primary success, Selim said.

The produced biodiesel will be exported to Japan in the first phase, but it will be available in the local market soon, he added.

Frontier Japan Chairman Fuzita Sohey and Marketing Manager Youchi Tera Numa also attended the press conference.