New York: 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.
26/12/13 PTI/Business Standard
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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.
26/12/13 PTI/Business Standard
