Subscribe: Rising oil prices is great news for Costa Rica
Biofuels investments in Central America are on the rise. With OPEC pushing for oil prices to rise to $70 a barrel this year, there is more and more interest in Biofuel investing.
Jatropha plant is the number one choice in the world for Biofuel crops. Jatropha is not a food crop. The best part is that it grows on marginal lands, it is hardy and robust and has an incredible oil content of 35 – 42%. So, it is easy to grow and is local to Central America.
United Biofuels of America (UBA) announced over 200,000 hectares to be planted here in Costa Rica. If successful, it will make Costa Rica the Central American leader in Jatropha plantations.
If you’ve never heard about the Jatropha miracle plant, you can read about it in Wikipedia.
May 14, 2009 1:35 pm
Eco-news
