Costa Rica Insights by Costa Rica Invest

Costa Rica Invest Radio Interview

After Costa Rica's tremendous performance in the World Cup people are interested to find out more.

In this interview, Ken Cowley from Good Morning Dublin on Dublin City FM interviews James Cahill about Costa Rica

Moringa in Naturewalk 1

The moringa recently planted in Naturewalk 1 is flourishing.

This moringa is being used as a shade plant for the Vanilla vines growing in Naturewalk 1.

Moringa is a very interesting and useful plant and you can read more about moringa here.

NatureWalk CD Investment Opportunity

Candians can use their RRSP funds to purchase Investment and Vacation property in Costa Rica

Did you know that as a Canadian Citizen you can use your RRSP funds to purchase investment and vacation property in Costa Rica, that you can use yourself?

Well you can and to find out more, why not contact our specialist RRSP advisers.

They'll give you and absolutely free, no obligation consultation to explain the process to you.

Just visit our enquiry page at:

http://www.costaricainvest.ie/RRSP.html

Complete your details and we'll be in contact by return

Is Costa Rica a Good Investment Opportunity

United Biofuels of America: “We are developing the next big Costa Rican export”

By Henriette Jacobsen, TheCostaRicaNews.com

UBA President, Daniel Yepez.

United Biofuels of America (UBA) has developed a program to sell renewable energy farms to potential green tech investors, the first of its kind in the world. The President of UBA explains why he thinks this is the next big export for Costa Rica in an exclusive interview.

The President of UBA, Daniel Yépez, says his company along with the partners Day Group and International Energy Advisors (IEA), are developing a biofuel project and green investment idea that’s so unique that he believes it can become bigger than Costa Rica’s three main exports combined. It includes sustainable farms that grow UBA’s biofuel cash cow or “cash crop,” jatropha.

“In such a demanding industry, there’s no competition. The sky is the limit,” Yépez says in all seriousness. “We’ll never be able to fulfill the demand for fuel on this planet. But we will try.”

Jatropha oil and seeds.

Many green tech companies have experimented with different sorts of crops like maize, rice, wheat and sugar to come up with a suitable bioethanol. They have often been criticized of using food for fuel; food that could have benefitted starving children in Third World countries around the world. Yépez says jatropha will give all its investors a green conscience. For many reasons. Jatropha is a non-edible feed stock and has the highest qualities of properties in oil, around 40%. It grows in marginal land, regenerates the soil and can be intercropped with food crops.

“The biggest culprits are the cattle rangers. Their land has become unproductive, but we recover that land. We recover unproductive marginal land, capture carbon, reforest the fields and introduce nitrogen, which is one of the most important elements for food to grow,” Yépez states.

Jatropha plant.

Jatropha is indigenous to Central America, but when Portuguese colonists came to conquer Costa Rica, they discovered the energetic opportunities of the plant and propagated it throughout Africa and Asia. Now we can even talk about a “jatropha belt” as it grows 30 degrees north and 30 degrees south of the equator.

For a long time jatropha was only used as a green fence around farms and houses in Costa Rica because it’s toxic and animals won’t eat it. Though it has been well-known for more than one hundred years that vegetable oil could be a source of biofuel. Now the great challenge awaits jatropha.

Green jatropha fruit, not quite ripe yet.

Almost four years ago, Applied Research Association (ARA), who works for the United States’ government, contacted UBA because they were looking for a new fuel for the United States’ air force. ARA had a new technology and UBA delivered jatropha oil to be converted into jet fuel. Since then, numerous airlines including Virgin and Continental Airlines have tested jatropha and flown with up to a 50% based jatropha combined with 50% petroleum based jet fuel.

One of the jatropha fields used in research and development.

With governments around the world trying to become energy independent and committed to reducing CO2 emissions, airlines have come under pressure as they are primary contaminants of CO2 emissions in the transport sector. Aircrafts can’t use solar energy, and jatropha has proven to be the best solution because of its high quality oil with caloric and burning values. By 2015, aircrafts will be flying with biofuel blends that consist of 50% jatropha and 50% petroleum-based jet fuel.

This is the million gallon challenge. ARA now has a technology that can convert jatropha oil into jet fuel, which will require a million gallons per day of cjo (crude jatropha oil). Producing a million gallons of oil per day requires 300,000 hectares of land.

“How can we do this within the next four years? We can’t just do it in Costa Rica because there’s not enough land. Therefore, we’ll have to do it around the region. And that’s why UBA was born; to develop renewable energy farms with the help of micro and macro investors,” says the President of UBA.

Though there’s no patent on selling jatropha oil, Yépez says no other company has the same extent of knowledge about the plant than UBA. However, UBA will seek to collaborate with as many companies from around the world to help achieve the million gallon challenge.

UBA is the first regional biofuel consultancy and development consortium in Central America. The company has expertise in facilitating sustainable results in private and government led development and has been conducting research and development for five years with agro field plantations. Together with Day Group, UBA has come up with the idea for multi-purpose real estate, bringing added value to real estate such as agro fuel production. Day Group, which is a real estate advisory consulting company founded in 2001, searches for hot spots, which are areas in Costa Rica where it’s suitable to grow biofuel plantations according to UBA standards. IEA joined the group last year and sells and promotes the renewable energy farms.

So far, Day Group has located a hot spot in the southern zone of Costa Rica in Buenos Aires. The hotspot is close to Costa Rica’s next international airport and the second largest investment in Central America after the expansion of the Panama Canal – a hydro electric dam that will generate electricity to the whole of Costa Rica and neighboring countries. This is where the first real renewable energy farms will be located by the end of this year. So far UBA has had over 20 test farms in Costa Rica, Panama, Honduras, Colombia and Florida.

Working closely with the farmers to promote production on a local level as well as regulate and control quality.

UBA is not listed on any stock exchange, but IEA, which markets and sells renewable energy farms, is seeking to get listed on the BNV share index or in the United States within three years. So a potential green investor can either wait for IEA to become an IPO (initial public offering) or purchase one of the renewable energy farms. One farm is 124 hectares of planted parcel real estate property that is segregated and costs $35,000. The purchase includes 800 – 1,000 jatropha and palm trees, a Costa Rican corporation (the investor owns that for tax and transfer advantages), irrigation, management, road, water and electricity. UBA will sell the jatropha oil produced on the farm and give all revenues to the investor minus a 10% management fee. The oil will be sold to a guaranteed buyer, Recope, which is the national petroleum company of Costa Rica. They have a mandate to put a 10% blend in their fuel by next year.

Based on crude prices of $90 or less a barrel, Yépez says, infrastructure that is developed has an added value of $35,000 because the price of the farm doubles when facilities are added. After ten years the value will be over $120,000, giving the investor a 380% return on investment. The investor will also have $50,000 produced in revenues from the biofuel plantation. It’s a ten-year investment where you can opt out any time.

But there might be unforeseen obstacles on the horizon, so what can go wrong with this investment and for UBA?

“Natural disasters because of climate changes can destroy a lot. There are no guarantees. New plagues and diseases that we are still unaware of could also become a factor,” says Yépez.

For more information, visit Costa Rica Invest's website www.costaricainvest.ie

Costa Rica to introduce Free Wireless Internet for all

Costa Rica plans to introduce free wireless internet access for everyone as a part of the National Development Plan 2011-2014.

This will greatly benefit not only the citizens of Costa Rica but also tourists and visitors as well, allowing everyone to connect to the internet for free.

This is just part of the National Development plan which prioritizes improvements in science and technology.

To dead more about this on the Costa Rica Pages click here

Intel Opens New IDC in Costa Rica

Laura Chinchilla the Costa Rican President, officiated at the ribbon cutting ceremony inaugurating Intel's new Engineering Development Center (IDC).

The U.S. multinational has invested us$8 million dollars in the centre that will create 300 engineering and technician jobs, at its plane located in Belén, minutes from the San José airport.

The IDC is responsible for designing, developing, testing and validation of software and hardware which will have applications in fields such as medicine, science and entertainment.

The Costa Rican IDC professionals have participated in the development of the Sandy Bridge technology, the codename for the processor microarchitecture developed by Intel.

During the ceremony, Michael Forrest, general manager of Intel in Costa Rica, the centre is of vital importance to the corporation.

"We have some of the brightest minds in the world", said Forrest.

For her part, Chinchilla thanked and congratulated Inter for developing the operation in Costa rica

"Intels contribution to the human heritage of Costa Rica has been invaluable over the years, promoting training programs for teachers, strengthening our science fairs, donating equipment to educational institutions and strengthening the development curriculum in the areas of engineering. I wish to reiterate my appreciation for assessing the human potential of our country, confidence is a challenge that drives us to keep working with determination and zeal for economic development based on innovation", said Chinchilla.

To read the full story on Inside Costa Rica click here

Solving Haiti's Problem With Jatropha

In describing the problems Haiti faces in the wake of its devastating January earthquake, it's hard to know where to start. But two of the key ones that immediately come to mind are 1). food security and the 2). country's rampant record of environmental degradation. (To date, Haitians have cut through more than 90% of its forest to generate charcoal for food preparation.)

Both are urgent priorities for both donors and the Haitian government alike. But what if you could solve both problems at once?

Gael Pressoir, a geneticist and former researcher at Cornell University, says it's possible. Pressoir has been exploring the use of a plant that can be transformed not only into food, but fuel. The plant, called jatropha, is already being used in African countries. Likewise, an edible kind of jatropha is grown by indigenous communities in Mexico.

Pressoir believes it the plant can be grown in Haiti, too — with potentially incredible results. Jatropha is rich in protein like a soybean meal. Oil from jatropha can also be burned to fuel stoves, which would decrease the need to cut through forests for charcoal. Meanwhile, jatropha is a tree that can likewise be used to reforest barren land and stabilize its soil.

And wait — there's more. Jatropha oil can be transformed into biodiesel, and in a country largely dependent on diesel, that's a fact that could make a huge fiscal difference. According to Pressoir, diesel accounts for 50% of Haiti's fuel dependency. (Just last year, Haiti imported $380 million in diesel for its electrical generators and you can read detailed coverage on this in the New York Times here.)

“Diesel is the second largest commodity market in Haiti,” says Pressoir. “So there is a huge local market for diesel or diesel substitute.”

Right now, Pressoir and his nonprofit venture CHIBAS are working with the help of USAID and L'Agence Nationale De La Recherche in France to explore what could be a market of half a billion dollars. Haiti's Ministry of Agriculture is backing the jatropha initiative, too, though the government worries jatropha might interfere with traditional food crops. Those concerns have been addressed, says Pressoir, and more than a million acres have been identified for jatropha plantations that won't bleed the local farming economy.

Is jatropha a viable solution to both Haiti’s food and energy security issues? I'd say it looks quite promising. The plant is a sound investment — and a potentially powerful way to kill two birds with one stone.

To read more and see the full article on Jatropha World Costa Rica click here

Costa Rica - Hot Property Listings

A number of our clients have asked us to keep an eye out for other investment opportunities in Costa Rica and we have put together our Costa Rica Hot Property Listing.


Click here to download your copy direct to your computer

(Please note you may have to "allow" your computer to download this pdf document)

Be a part of the Green Energy Revolution

Why are land prices in Costa Rica Increasing

Costa Rica Investments in Bio-fuel, and Sustainable Agro Developments

The Costa Rica News 19th October 2010

TRCN staff

Central America and especially Costa Rica has seen a large surge in Biofuel initiative. There new Biofuel cooperative projects, intercropping (with food and oil bearing plants) development, including a new investment wave called Multi Purpose Real Estate, UBA (United Biofuels of America.

Investing in bio-fuel is profitable in the short term and long term and helps reduce dependency on unstable foreign sources.

Here in Costa Rica the governmental bodies have full buy-in to renewable energy and sustainable agro developments.

Costa Rica is attempting to produce ethanol and biodiesel on a large enough scale to eventually reduce or even replace petroleum fuel. The state oil company, Recope, is constructing a large processing plant, the government is about to release a plan for the industry’s development, and the Institute for Agrarian Development, is engaged in research projects for certain products to convert to biofuels.

At present, ethanol is produced from sugar cane and to a lesser extent from yuca (cassava), a root crop. There is some production of bio-diesel from African Palm oil. Research is ongoing with respect to very promising oil seed crops for biodiesel, higuerilla and jatropha.

There is ample opportunity for investments in these crops to supply a local and international market. Petroleum prices are expected to remain at high levels. Biofuels reduce vehicle emissions when mixed with or replace gasoline or diesel. However, when biofuels are produced on a large scale there are also large scale environmental and social consequences, especially when the source of ethanol is corn or soybeans for biodiesel or when growing crops that displace food crops or convert forests to crop lands.

These adverse environmental and social consequences are mitigated when biofuel crops are grown on land that had been previously deforested and converted to cattle pasture. In Northern Costa Rica there are vast expanses of unproductive cattle pasture, much of it mechanizable and not requiring irrigation. This is a good opportunity to promote the conversion of cattle lands to socially useful and productive crops. This is already occurring with the proliferation of pineapple, root crop, and palmito plantings. However, it makes good sense to plant many more food crops there, such as rice, beans, and animal feed, while still leaving space for biofuel crop cultivation.

Presently, there is a project that involves an effort to plant thousands of hectares of jatropha in Costa Rican and other countries. The oil from the seed is converted to diesel and no modification of diesel motors is required. Yield is high, production costs for the hardy plant are low, and demand is potentially infinite, including for aviation fuel. The company engaged in the project invites equity participation, as well as offering technical assistance and production contracts to growers.

An excellent investment for animal feed is in pejibaye, a palm nut fruit that is very high in protein and other nutrients. Research on pejibaye has demonstrated that it is superior to corn or other grains for animal feed, especially for poultry. The fruit is also very nutritious for human consumption, including for baby food. Pejibaye palm is very productive, much higher yield than grains, and has a low cost of production. Costa Rica spends hundreds of millions of dollars annually in importing grains for animal feed and development of this high yield crop would be an excellent import-substitution measure and help reduce the nation’s chronic balance of payment deficits. The export market for prepared chicken feed would also be excellent. To accomplish this on a large enough scale to make a difference will require the support of the Ministry of Agriculture, the Institute for Agrarian Development, and other government planning institutions.

With recent increases in food prices Costa Rican officials and the general public has become concerned about food sovereignty, that is the cost and availability of food imports. While Costa Rica is largely self-sufficient in fruits and vegetable, dairy products, and meat and fish, this is far from the case with the basic staples of the population’s diet, rice and beans. Domestic production accounts for less than half national consumption of these staples. Corn and other grains are almost entirely imported. There is ample land for mechanized cultivation of these crops, especially in the Northern Zone.

To read the full story go to The Costa Rica News 19th October 2010

What is covered in our regular webinars?

A place in the Sun Live

We'll be attending A Place in Sun Live from the 1st to the 3rd of October at the NEC in Birmingham. Why not drop by and visit us.

You can download a Brochure Here.

And even better, click here and you can get FREE TICKETS (normally £10)

See you there!

New Office opened in Toronto

Webinar last week.

We had a great interactive webinar, "the SIP formula explained" last Thursday and thank you to everyone who attended.

We hope you found it useful.

If you could not attend and would like to listen to the webinar there is a recording of the webinar in the FREE Downloads and Media section of our website

Costa Rica is the most Prosperous Nation in Latin America

Costa Rica has emerged as the number one amongst Latin American countires in the world’s only global assessment of wealth and well being: The Legatum Prosperity Index.

Other studies rank countries by actual levels of wealth or development, but the Prosperity Index produces rankings based upon the foundations of prosperity: those factors that drive economic growth and produce happy citizens over the long term. As the Index indicates: prosperity is security.

The Legatum Prosperity Index asseses countries in 9 Costa Rica surpassed regional heavyweights Panama, Brazil, Argentina, Chile and Colombia in 9 key areas:

Economic Fundamentals: a growing, sound economy that provides opportunities for wealth creation. (rank 55th)

Entrepreneurship and Innovation: an environment friendly to new enterprises and the commercialization of new ideas. (Rank 33rd)

Democratic Institutions: Transparent and accountable governing institutions that promote economic growth. (ranked 28th)

Education: An accessible, high-quality educational system that fosters human development. (ranked 61st)

Health: The physical well being of the populace. (ranked 37th)

Safety and Security: A safe environment in which people can pursue opportunity. (ranked 44th)

Governance: An honest an effective government that preserves order and encourages productive citizenship. (Ranked 38th)

Personal Freedom: The degree to which individuals can choose the course of their lives. (ranked 12th)

Social Capital: Trustworthiness in relationships and strong communities. (ranked 47th)

Costa Rica surpassed regional heavyweights Panama, Brazil, Argentina, Chile and Colombia and all other Latin American Countries to rank highest in the region at 32 of 104 countries included in the survey.

Costa Rica scored highest in Personal Freedom, surpassing countries like Japan, Austria, Germany, Italy, and Belgium at the international level. "Costa Ricans enjoy excellent freedom of movement, religion, and speech, and 91% of respondents were satisfied with the freedom to choose in their daily lives.* Tolerance of ethnic minorities and immigrants is above the international average, with 72% of people believing Costa Rica to be a good place for both immigrants and minorities.*"

Whilst ranking highest amongst its neighbouring Latin American Countries is an impressive achievement, Costa Rica has work to do in other areas (particularly education). The Costa Rican Govenrnment is making efforts to address these areas already with almost 25% of the entire National Budget to be spent on education in 2009.

Click on the link to read the full The Legatum Prosperity Index

Related Stories: Costa Rica Ranks Number 1 in the Happy Planet Index.

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