Proposal for Ranch Purchase
A company called Lamplighter Energy has proposed the purchase Molokai Ranch to grow and export hibiscus to South Korea. Lamplighter CEO Andre De Rosa said wood pellets from the hibiscus is a renewable substitute to burning coal, and his energy company has the investors and contract with an organization in Korea to sell the product.
Molokai Ranch, owned by Singapore-based land holder owner GL Limited, went up for sale last September at a price of $260 million, and its 55,575 acres represents one third of Molokai.
De Rosa sat down with a small handful of residents last month, filmed by Akaku, and shared his plans, which he says he has been doing on a one-on-one basis with the community.…