Tata Chemicals Boosts Biofuels With Singapore Seeds
16 December 2008 To increment its biofuels program, Mumbai, India-based Tata Chemicals will invest US$17 million in JOil, a Singapore-based jatropha seedling company. Under terms of the agreement, Tata will gain exclusive marketing rights for jatropha seedlings in East Africa and India, while securing a preferential price for seedlings used in Tata’s own jatropha cultivation.
Jatropha, which can be grown on wasteland, is used as a starting material for biodiesel production. JOil develops jatropha seedlings that become productive earlier and give better yields than other varieties.
Tata Chemicals is also expanding its biodiesel program through two new operations in India – the company is currently building a bioethanol plant in Nanded, and acquired land in Madurai earlier this year to begin construction on a biodiesel pilot plant.
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