Jatoil sells first commercial quantity of crude jatropha oil
After recently acquiring joint venture operations in Central Java, Indonesia, renewable energy company Jatoil has secured its first sale of a commercial quantity of crude jatropha oil.
The sale is under a new four-year off-take agreement with Jatoil’s partner Waterland International, covering all crude jatropha oil produced from the first 1,000 hectares of the project. The initial shipment of 10 tonnes of oil will be used as feedstock for the production of aviation fuel, set to be consumed by a number of airlines.
Phil Hodgson, CEO, said: ‘We expect that further harvesting this year will allow us to market larger quantities of crude jatropha oil at more frequent intervals.’
Oil output is expected to reach around 700 tonnes between 12 and 18 months but this will almost double within the next three years.
The first stage of the project, covering 1,000 hectares of mature jatropha trees, and the same amount in new planting, was completed in June 2010. The venture is now moving into the second stage, which aims to increase total land holding to 10,000 hectares.
The sale is under a new four-year off-take agreement with Jatoil’s partner Waterland International, covering all crude jatropha oil produced from the first 1,000 hectares of the project. The initial shipment of 10 tonnes of oil will be used as feedstock for the production of aviation fuel, set to be consumed by a number of airlines.
Phil Hodgson, CEO, said: ‘We expect that further harvesting this year will allow us to market larger quantities of crude jatropha oil at more frequent intervals.’
Oil output is expected to reach around 700 tonnes between 12 and 18 months but this will almost double within the next three years.
The first stage of the project, covering 1,000 hectares of mature jatropha trees, and the same amount in new planting, was completed in June 2010. The venture is now moving into the second stage, which aims to increase total land holding to 10,000 hectares.
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