Mission Biofuels signs deal for Indian Jatropha Curcas

The Indian subsidiary of Mission Biofuels has signed a long term contract for exclusive, long-term access to Jatropha Curcas seeds from already planted lands as well as access to additional land in a district that is to be planted with Jatropha Curcas over the next three years.

The district authority has formed a producer company which is owned by the Jatropha growers in the district. The district authority has planted over 25,000 acres of Jatropha Curcas during the last three years. The district authority will continue to plant more Jatropha Curcas, with an estimated 12,500 acres to be planted in the current planting season.

With the signing of this agreement Mission Biofuels’ Indian subsidiary is well on track to achieve its 100,000 acres of planted Jatropha Curcas target for 2007 and will continue with its efforts to increase the acreage.

Source: WA Business News, Mission Biofuels

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