GUIYANG- Guizhou Province's biodiesel oil produced by jatropha curcas will reach 1 million tons per year in the future, generating output values of CNY 10 billion.
In June 2008, the provincial government applied to the National Development and Reform Commission (NDRC) for a 50,000-ton jatropha curcas-based biodiesel oil industrialization demonstration project, in which China Petroleum & Chemical Corporation (Sinopec Corporation, SHSE: 600028, SEHK: 0386 and NYSE: SNP | Quote | Chart | News | PowerRating) takes a 30% stake with CNY 130 million of investment.

Guizhou has set up a 300-ton jatropha curcas-based biodiesel oil trial production line, the sample products of which are superior than No. 0 diesel oil in various factors. Its biodiesel oil meets the European Union (Phase IV) Emission Standards (Euro IV).

The plantation area of jatropha curcas has exceeded 16,667.5 hectares in the province, and two biodiesel demonstration facilities respectively with an annual output of 10,000 tons and 20,000 tons have both been put into production.

(SinoCast, Sep 5, 2008)