Allegro producing biodiesel from jatropha, in deal with Green Energy Holdings

In California, Allegro Biodiesel has commenced processing of jatropha oil into biodiesel on a test basis. Allegro is receiving shipments from Global Clean Energy Holdings, which is developing jatropha plantations in Latin America. The two companies announced a testing and production agreement to produce biodiesel for both the US and European markets.

Jatropha developments continue to abound. Recent announcements include:

• In China’s largest state oil company, Sinopec, said it will invest $5 billion in jatropha and palm plantations in Indonesia.

• In the United Arab Emirates, the Crown Prince of Abu Dhabi announced an $15 billion investment project in renewables, managed by Masdar. Masdar’s major initiative in bio-fuels is focused on jatropha and other arid climate crops.

• D1 Oil is planting 50,000 hectares of jatropha, in a joint venture with BP, in Africa, India and Southeast Asia.  D1’s CEO said that the company can produce jatropha biodiesel profitably as long as the price of oil exceeds $65 per barrel, and will have  developed more than 32 Mgy in jatropha capacity by 2012.

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