Biofuels, China, Indonesia, Jatropha

Indonesia says Chinese Company to Invest US$500 million in Biofuel Project

August 10, 2007 – JAKARTA (Thomson Financial) – A company owned by the Chinese government has expressed interest in investing up to 500 million US dollars in a biofuel project in Indonesia, an official said Friday.

Al Hilal Hamdi, who heads a national team in charge of biofuel development, told reporters that the Chinese company is planning to use the biofuel crop jatropha for as its raw material and is targeting annual output of around 1 million tons.

Jatropha is inedible, and does not compete with food crops for good agricultural land as it can be grown in waste or marginal land.

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