Yes there WILL! There will be Jatropha production IN THE FIRST FEW MONTHS. You need to do some DD...
This all coincides with the article found in BioDiesel Magazine.
So from all of this confirmation let’s get to the numbers:
-Mid-2008 they will be producing 3,000,000 gallons of crude jatropha oil.
3,000,000 gallons * 3,3 liters/gallon = 9,900,000 liters of CJO
RECOPE representative said they will be paying around $0.75 dollars or maybe even more for 1 liter
9,900,000 liters of CJO * $0.75 dollars/liter = $7,425,000
BINGO!! ~ CONFIRMS AMHDs PROJECTION FROM LAST PR…
It gets even better ~ I spoke with Pan Am BioFuels: By the end of 2008 they will be able to produce up to 5,000,000 gallons of grude Jatropha Oil with their plantations:
15,000,000 liters of CJO * $0.75 dollars/liter = $11,250,000 !!
This is ONLY from their existing Costa Rica site … if we read the last PR very carefully the company plans on revenue from:
* Consulting fees for proposed and new Jatropha plantations
* Cloning technology for the production of superior Jatropha seeds
* Exclusive distribution rights of a new, superior extraction process
* Sale of Jatropha seeds
* Sale of Jatropha seedlings
THIS DD IS ONLY FROM OIL EXTRACTION !!!
They are EXPANDING … Costa Rica is only the beginning … they believe that if they are able to produce what they think they can produce we may be looking at over 10,000,000 gallons for DOMESTIC (RECOPE) & INTERNATIONAL export from Costa Rica.