Monday, February 06, 2006

BP, Indian green group to produce biofuel

Oil major BP and a leading Indian energy think tank will launch a $9.4 million biofuel production project, the two said on Thursday.

BP and Tata Energy and Resources Institute (TERI) will undertake the 10-year project in Andhra Pradesh, they said in a statement. They gave no timeframe for the launch.

During the project period, 8,000 hectares (19,770 acres) of wasteland will be cultivated with Jatropha Curcas, a non-edible oil-bearing crop, with the aim of producing 9 million litres (1.9 million gallons) of biodiesel per annum, they said. Credit: Reuters

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