US start-up uses jatropha plant seeds for biofuel

Image
Press Trust of India New York
Last Updated : Dec 26 2013 | 5:02 PM IST
A US company is eyeing countries such as India and Brazil to grow seeds of jatropha - the inedible, drought-resistant plant - to produce high-quality oil that can be refined into low-carbon jet fuel or diesel.
The San Diego start-up SGB is growing hybrid strains of the plant that produce biofuel in quantities that it says are competitive with petroleum priced at USD 99 a barrel.
Touted as the next big thing in biofuels about six years ago, jatropha attracted hundreds of millions of dollars in investments, 'New York Times' reported.
However, jatropha fell from favour due to economic recession and as growers found that the wild bush yielded too few seeds to produce enough petroleum to be profitable.
But, owing to advances in molecular genetics and DNA sequencing technology, SGB, that planted the bushes has in a few years, succeeded in domesticating jatropha, a process that once took decades.
The company has deals to plant 250,000 acres of jatropha in Brazil, India and other countries expected to eventually produce about 70 million gallons of fuel a year, the report said.
The advance has already attracted interest of energy giants, airlines and other multinational companies seeking alternatives to fossil fuels.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 26 2013 | 5:02 PM IST

Next Story