Jatoil joint venture for jatropha oil
After signing the contracts, Jatoil Limited and PT Waterland International are to embark on a joint venture in Indonesia.
In Central Java, the two companies will attain around 2,000 hectares of land, half of which already contains jatropha trees. It is these trees that are expected to produce the jatropha oil for 2010, a year ahead of previous expectations, while the remaining 1,000 hectares will soon be full of jatropha trees also.
Jatoil will invest around $600,000 (€438,000) for 70% of the land. It has been predicted that in the first year’s harvest, approximately one tonne of oil per hectare will be produced. However, when the trees are established this figure should almost double.
In Central Java, the two companies will attain around 2,000 hectares of land, half of which already contains jatropha trees. It is these trees that are expected to produce the jatropha oil for 2010, a year ahead of previous expectations, while the remaining 1,000 hectares will soon be full of jatropha trees also.
Jatoil will invest around $600,000 (€438,000) for 70% of the land. It has been predicted that in the first year’s harvest, approximately one tonne of oil per hectare will be produced. However, when the trees are established this figure should almost double.
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