A Tempe company plans to build a 100-acre plant in Pinal County that will produce millions of gallons of biodiesel and jet fuel made from oils extracted from a poisonous bush native to Central America.
Southwest Terminal LLC, a subsidiary of Pacific Texas Corp., has applied for a $140 million federal stimulus contract to build what’s touted as the first full-scale production facility to generate clean fuels from the undomesticated jatropha plant, which produces oil-rich seeds that are crushed and processed to make biodiesel.
If Southwest Terminal does not receive the federal contract, PTC President Mike Owens said private investors will fund the massive facility, which is expected to create 900 full-time jobs during its two-year construction and 115 permanent positions for Southwest Terminals.
The multiphase project is expected to be expanded to other states and create thousands of jobs over its lifetime.
Posted in Jatropha Oil Investment
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