Today, there are 242 Jatropha cultivation projects worldwide totaling roughly 930,000 hectares. The plantation production capacity is rapidly growing and should reach 13 million hectares exceeding well over $1 billion invested annually by 2015.
Most research supports the ability of consistent yields for Jatropha curcas to potentially supply about 30% of the total biofuel production. Once the Jatropha seeds are crushed and processed, the resulting oil can be used in any standard diesel engine, while the residue can also be processed into biomass to power electricity plants. Biodiesel burns on average 50% to 80% cleaner than oil or coal fossil fuels emitting substantially less carbon.
For example, building on this sector market momentum National Wind Solutions, Inc. (NWND) acquired on August 6, 2009; a biodiesel plant in Atascosa County, Texas for $3 million dollars. The plant had been used to produce biodiesel from soy beans. However, National Wind Solutions plans to upgrade the plant to produce biofuel based on lower cost yet higher yielding feed stocks including algae and Jatropha that are proven to be much more profitable.
Further biofuel commercial development involving Jatropha include JatrophaBioJet of Moterey California, Australian Pacific Airports Corporation, Air New Zealand, UOP LLC a Honeywell company (HON), Terasol Energy, Sapphire Energy, Cyanotech (CYAN) just reported 23% increase in revenues Q4 2009, Abengoa Bioenergy S.A and Boeing (BA) all jointly developing and successfully testing additives using Jatropha as a key ingredient for renewable aviation biofuel.
Other airlines involved in the advanced blending of “Jet A” fuels containing Camelina oil, Jatropha, and algae include Air France, Nippon Airways, Cargolux, Gulf Air, Japan Airlines, KLM, SAS and Virgin Atlantic Airways. Combined, they account for over 18% of worldwide commercial jet fuel usage.