IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Industrial Biotech

Plans Underway for First Commercial Oil Crop from Jatropha

3:40 AM MDT | June 10, 2008 |

Alex Scott

Global Energy Trading Company (Getco; Fort Lauderdale, FL) says it has begun buying up “large tracts of land in Colombia and Peru” on which to grow jatropha, a weed-like shrub, for producing oil suitable for converting into diesel fuel. The proposed plantations would mark the first large-scale commercial cultivation of jatropha. Growing jatropha is sustainable and does not conflict with the growth of food crops, the company claims. Getco is planning to buy more than 200,000 hectares of land for large scale monoculture of jatropha. The company predicts...

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