Browse > Home / International, Producer News / China Agro-Technology acquires 494,000 acres in Indonesia for jatropha cultivation

China Agro-Technology acquires 494,000 acres in Indonesia for jatropha cultivation

February 14, 2008

China Agro-Technology has signed an agreement with Boulevard Holdings to acquire 494,200 acres in Indonesia for jatropha cultivation. The company valued the jatropha revenue stream at $300 million based on the expected demand and pricing for jatropha oil, ranging from a projected $650 to $750 per ton. The company expects to commence harvesting in 2010.

Jatropha continues to be the subject of intense development. Recent projects include:

• The Sabah Land Development Board (Malaysia) demonstrated jatropha biodiesel in a Toyota Land Cruiser trial conducted at the Sabah Development Corridor Expo. SLDB’s general manager said that Nihon Biotech, Kelana Stabil and TKM Resources have indicated that they would invest up to RM 300 million in jatropha cultivation and would purchase the fuel for export to the US, Japan and South Korea.

• 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.

  • China-Agro Technology secures $300 million in expansion financing for jatropha strategy
    • In China, China Agro-Technology announced that it has secured $300 million in financing for biodiesel acquisitions and operations. The company is focused on building capacity to process jatropha oil t...
  • BioFuel Projects International and Plant.a.Bio plan 10,800 acre jatropha pilot development in Brazil
    • In the Netherlands, BioFuel Projects International and the Brazilian company Plant.a.Bio signed a memorandum of understanding to develop a 10,800 acre jatropha plantation in Brazil. The pilot plantati...
  • China plans to expand jatropha cultivation by 1000%, targets Yunnan, Sichuan and Guizhou provinces
    • In China, jatropha cultivation will be expanded from 66,000 acres to 660,000 acres. The expansion is planned for Yunnan, Sichuan and Guizhou provinces, which have the most suitable climate for jatroph...
  • China Grand Forestry Resources acquires jatropha R&D company
    • The China Grand Forestry Resources Group will acquire Yunnan Shenyu New Energy, a research and development company that is prominent for its work on the jatropha curcus tree. The transaction is valued...
  • Greenpeace releases “Cooking the Climate” report; says Indonesia is third-worst greenhouse gas emitter due to deforestation for biofuel cultivation
    • Greenpeace released its "Cooking the Climate" report which concluded that forest clearance in Indonesia for palm plantations has made the country the third largest producer of greenhouse gas emissions...
  • China’s largest state oil company to invest $5 billion in Indonesia for palm, jatropha cultivation and biodiesel production
    • In China, the country's largest state oil company, Sinopec, said it will invest $5 billion in biofuel plants and crop development in Indonesia. The company will invest in jatropha and palm plantations...

    Written by Jim Lane · Filed Under International, Producer News 

    Comments

    Got something to say?

    You must be logged in to post a comment.