Monarca BioJet to boost jatropha plantation by 33,000 ha to supply US market

In Mexico, the Monarca BioJet fuel project in the Yucatan is adding another 33,000 hectares of Jatropha to produce seed oil feedstock so they can export directly to the US to supply biofuel refineries needing low cost feedstock. The bioJet fuel market is growing faster than the supply and a number of biofuel refineries are planned to be online by 2019 without low cost seed oil feedstock in volume. The current project on 33,000 hectares in the Yucatan near Cancun is focused on producing 30 million gallons annually of biojet fuel for the Mexican government’s Aviation Services Department (ASA); however, several new biofuel refineries are planned in the US and the company believes it can supply seed oil in volume at the best price.