Jatropha Plant Gains Steam In Global Race for Biofuels
WSJ: Jatropha Plant Gains Steam In Global Race for Biofuels
Jatropha, a lowly forest plant that grows wild in India, has suddenly found itself at the center of a new phase in the world’s alternative energy boom.
India, by contrast, has millions of acres of wasteland that isn’t fully utilized due to low water tables and infertile soil. Jatropha advocates figure the crop can cover much of that area without causing environmental distress.
. . . oil giant BP PLC said it will invest $90 million in a joint venture with U.K.-based D1 Oils PLC, a biofuels start-up that’s developing jatropha in India and elsewhere.
Another company, Australia-based Mission Biofuels Ltd., has raised more than $80 million from investors and has representatives fanning out across the Indian subcontinent to sign up growers
Hope we win this lottery!
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