Jakarta (ANTARA News/Asia Pulse) - British oil giant BP plans to invest around US$50 million in Indonesia's biofuel industry, using jatropha oil as feedstock.
BP will build biofuel plants with an annual capacity of 350,000 tons for which it will need to set up jatropha curcas plantations covering 100,000 hectares of land, to guarantee supply of feedstock, an official said.
Chairman of the national team for biofuel development Al Hilal Hamdi said BP, which is set to dominate the global biofuel industry, has also developed India's jatropha-oil-based biofuel sector.
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