Abundant Biofuels Corporation Offers Low-Cost, Long-Term Contracts to Supply Jatropha Oil to U.S. Refiners With Under-Capacity Production Problems
Several U.S. biodiesel refiners soon will be announcing that they have secured 10-year Jatropha oil contracts with Abundant Biofuels (www.abundantbiofuels.com). The terms of the contract assure continuing competitive viability of biodiesel refiners without resorting to refining of foodstuffs such as soy, and palm oil. Access to reliable quantities of Jatropha feedstock will ensure 100% pure, unblended biodiesel fuel made from certified sustainable resources.
In April, JatrophaBioJet Corporation agreed to purchase 5 million barrels per year for ten years. While outside the terms of standard contract above, of interest, this contract is believed to be the largest contract ever for non-food biodiesel feedstock.
In May, the EPA proposed: “Biodiesel made from virgin soybean oil wouldn’t qualify toward reaching the 2012 renewable fuels standard of 1 billion gallons, according to a draft rule.” This draft rule induced Abundant Biofuels Corporation to begin offering long-term contracts to supply jatropha oil.
Abundant Biofuels, an integrated global bioenergy company, grows jatropha in several countries including
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SOURCE Abundant Biofuels Corporation