D1 Oils, Abundant Biofuels Report Progress in Jatropha Development

Jatropha development is moving forward as Abundant Biofuels Corp. offers long term contracts and D1 Oils plc, based in the U.K., refocuses its business. Abundant Biofuels, based in Monterey, Calif., announced the availability of long-term, five to 10 year contracts to supply jatropha oil to U.S. refiners.The company is also planting jatropha in Peru, the Dominican Republic and other developing nations.

According to the CEO and Chairman Charles Fishel reports the company will potentially have access to 6 million acres of jatropha.D1 Oils plc is reorganizing its jatropha development efforts to focus on plantings totaling about 540,000 acres in northeastern India, Malawi and Zambia where the crop has performed well and will be scalable, according to D1 Oils’ spokesman Graham Prince.They could be slated to begin in 12 months to 18 months and for any quantity up to 35 million gallons, and they planned to expand from there.

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