Abundant Biofuels Corporation Offers Low-Cost, Long-Term Contracts to Supply Jatropha Oil to U.S. Refiners with Under-Capacity Production Problems

| From

MONTEREY, Calif. (SEND2PRESS NEWSWIRE) -- Dr. Charles Fishel, Chairman of Abundant Biofuels Corporation, noted that "There are about 100 biodiesel refineries operating below capacity and another 47 idle refineries in the United States, alone." To help solve this problem, Abundant Biofuels provides standardized long-term contracts (5- or 10-years) in multiples of 50,000 barrels (2,100,000 gallons) of jatropha oil. Financing is available.

Several U.S. biodiesel refiners soon will be announcing that they have secured 10-year Jatropha oil contracts with Abundant Biofuels ( The terms of the contract assure continuing competitive viability of biodiesel refiners without resorting to refining of foodstuffs such as soy, and palm oil. Access to reliable quantities of Jatropha feedstock will ensure 100 percent pure, unblended biodiesel fuel made from certified sustainable resources.

In April, JatrophaBioJet Corporation agreed to purchase 5 million barrels per year for ten years. While outside the terms of standard contract above, of interest, this contract is believed to be the largest contract ever for non-food biodiesel feedstock.

James Love (Abundant's President) stated that "Abundant's goal is to provide America with the opportunity to reduce diesel pollution by using renewable and sustainable biodiesel that does not use food crops or require slashing and burning the rainforests."

In May, the EPA proposed: "Biodiesel made from virgin soybean oil wouldn't qualify toward reaching the 2012 renewable fuels standard of 1 billion gallons, according to a draft rule." This draft rule induced Abundant Biofuels Corporation to begin offering long-term contracts to supply jatropha oil.

Abundant Biofuels, an integrated global bioenergy company, grows jatropha in several countries including Philippines, Peru, Indonesia, and the Dominican Republic. With access to more than 3 million acres, Abundant is working with American biodiesel refiners to solve their long-term supply problems.

For further information: or .

All trademarks and service marks are the property of the respective parties.

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (Abundant Biofuels Corporation) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2009 Abundant Biofuels Corporation with newswire version Copr. © 2009 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 23 2016:
[ count retired 8.4.16 ]

Energy, Oil, Gas and Solar, Business, or: Search

back to top
REFERENCES: jatropha oil, sustainable biofuels, Abundant Biofuels Corporation, JatrophaBioJet Corporation, unblended biodiesel fuel made from certified sustainable resources, Dr. Charles Fishel, US biodiesel refiners, B-NAB, news, press release from Abundant Biofuels Corporation, Jun 24, 2009, Energy, Oil, Gas and Solar, , , , , Abundant Biofuels Corporation Offers Low-Cost, Long-Term Contracts to Supply Jatropha Oil to U.S. Refiners with Under-Capacity Production Problems