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
Comments (2)
BP's increasingly ambitious venture into Biofuels continues....
Posted by Mark C R UK | July 3, 2007 4:15 PM
Posted on July 3, 2007 16:15
Looks like an interesting turn events will support a more dilligent observation of reality.
Posted by clive richardson | July 9, 2007 1:27 PM
Posted on July 9, 2007 13:27