The joint venture saw Jatoil acquiring a 50% ownership of Indonesian company PT Biodiesel AustIndo, in exchange for 20 mln shares in Jatoil worth USD 4 mln (€2 mln) at the time, Biofuels International reports.
The initial venture included ownership of an Indonesian jatropha plantation, giving Biodiesel Austindo access to a total of more than 600,000 hectares of land for jatropha cultivation.
Under an arrangement with growers, local farmers provided their land and then picked and defruited the jatropha seeds. In return, Biodiesel Austindo provided the farmers with seed and other farming inputs, training and technical support. (15 May 2009)
Showing posts with label Jatropha. Show all posts
Showing posts with label Jatropha. Show all posts
Monday, May 18, 2009
Saturday, May 16, 2009
Philippines – Jatropha profitability
GreenGold Ray Energies shows its ever-evolving jatropha industry with increased profitability, Market Wire reports.
The 5-year Profit & Loss Statements starting in 2009 until 2015, projected a profit of around $4 million (2nd year) during the second full year of refining operation. The P & L showed an increase of profit from 2nd year thereafter: $4 million (2nd year); $21 million (3rd year); $38 million (4th year); and $115 million (5th year), having a very conservative estimate of a Loss from the first year, 2009.
GreenGold can make the company profitable within 6 months after the commencement of the full refining operation.
The installation, development and trouble-shooting period is estimated to take place within 3-6 months. In the 5-year P & L, the projection utilizes the 100% use of the jatropha plants as bio-diesel, as press cake and as residual use, like fertilizer
Studies showed that there is a larger market not only for bio-diesel, but also seedcakes, biomass and more.
GreenGold witnessed the increased profit and market size, new streams of revenue, and greater returns on investment. (14 May 2009)
The 5-year Profit & Loss Statements starting in 2009 until 2015, projected a profit of around $4 million (2nd year) during the second full year of refining operation. The P & L showed an increase of profit from 2nd year thereafter: $4 million (2nd year); $21 million (3rd year); $38 million (4th year); and $115 million (5th year), having a very conservative estimate of a Loss from the first year, 2009.
GreenGold can make the company profitable within 6 months after the commencement of the full refining operation.
The installation, development and trouble-shooting period is estimated to take place within 3-6 months. In the 5-year P & L, the projection utilizes the 100% use of the jatropha plants as bio-diesel, as press cake and as residual use, like fertilizer
Studies showed that there is a larger market not only for bio-diesel, but also seedcakes, biomass and more.
GreenGold witnessed the increased profit and market size, new streams of revenue, and greater returns on investment. (14 May 2009)
BP warns against misunderstanding biofuels - Biofuel Review
12/05/2009 (Biofuel Review)There is a real danger that the emerging biofuels industry will be damaged by misunderstandings, according to BP. In a speech at Cambridge University last week (8th May), David Eyton, BP's Executive Sponsor for work with Cambridge said; "We believe that the global case for biofuels can and should be made."
He went on to outline the company's three part strategy to biofuels with; the establishment of a sugarcane to ethanol business in a joint venture in Brazil; the development of a joint venture with DuPont to produce biobutanol; and the development of lignocellulosic conversion technology in a joint venture in the USA.
Notably, Eyton made no mention in the speech of BP's development of Jatropha, which the company had been looking at in a joint venture with D1 Oils.
"Our focus", said Eyton, "is on biofuels done well - using feedstocks that minimize any impact on food production and technologies that lead to material greenhouse gas reductions. Both biobutanol and lignocellulosic ethanol are leading-edge advanced biofuel technologies and BP plans to be the first to produce commercial quantities over the next few years."
He went on to outline the company's three part strategy to biofuels with; the establishment of a sugarcane to ethanol business in a joint venture in Brazil; the development of a joint venture with DuPont to produce biobutanol; and the development of lignocellulosic conversion technology in a joint venture in the USA.
Notably, Eyton made no mention in the speech of BP's development of Jatropha, which the company had been looking at in a joint venture with D1 Oils.
"Our focus", said Eyton, "is on biofuels done well - using feedstocks that minimize any impact on food production and technologies that lead to material greenhouse gas reductions. Both biobutanol and lignocellulosic ethanol are leading-edge advanced biofuel technologies and BP plans to be the first to produce commercial quantities over the next few years."
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