Jatropha Investment-BP & D1 Oils, Mission Biofuels...

Widespread interest among alternative energy corporations is leading to large-scale production across the globe; BP and D1 Oils, a UK-based biodiesel producer, recently announced a $160 million, five-year joint venture in development of jatropha as a viable biodiesel feedstock.

Mission Biofuels, an Australian company, owns a 22,000-acre jatropha plantation in Malaysia and has plans for expansion. Eco Solutions, based in Korea, grows jatropha in the Philippines. Jatropha has even emerged in the public sector in China, where the government offers subsidies for growth of jatropha crops in some southern provinces.

BP and D1 have similarly announced plans to plant jatropha in India, Southeast Asia, Southern Africa and Central and South America, with an estimated total of one million acres dedicated to its cultivation.

The spread of jatropha production across the globe may have positive implications for developing countries. Not only do jatropha plantations offer the potential for job growth, but jatropha fuel may also supply energy to surrounding populations. Hundreds of villages in Mali are already utilizing jatropha as a major energy resource.

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Labels: Jatropha-Investment

posted by Sudha @ 8:23 PM