BP and D1 oils in Jatropha venture

BP and D1 oils have agreed to form a joint biodiesel venture. Over the next five years the 50/50 joint venture D1-BP Fuel Crops plans to invest around $160m (€119m) on planting over 1m hectares of the oilseed bearing plant, BP said, according to a report on ICIS news.

(Disclosure: I work for ICIS, About ICIS)
D1 oils says in its most recent annual report that it has rights to 110 000 hectares of jatropha and that in five to seven years the firm could be netting 1.7 tonne oil/hectare

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2 Responses to BP and D1 oils in Jatropha venture

  1. Mark C R UK 3 July, 2007 at 4:15 pm #

    BP’s increasingly ambitious venture into Biofuels continues….

  2. clive richardson 9 July, 2007 at 1:27 pm #

    Looks like an interesting turn events will support a more dilligent observation of reality.

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