D1 Oils can produce jatropha biodiesel at breakeven of $65 per barrel, says CEO

In Hong Kong, the CEO of D1 Oil told the Reuters Global Agriculture and Biofuel Summit that the company can produce jatropha biodiesel profitably as long as the price of oil exceeds $65 per barrel. The company is planting 50,000 hectares of jatropha, in a joint venture with BP, in Africa, India and Southeast Asia, and the seedlings are expected to be fully mature in 5-6 years. With a projected yield of 650 gallons per hectare, the company will have developed more than 32 Mgy in jatropha capacity by 2012.

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