Biodiesel and Ethanol Investing

The Miami Herald reports that biofuel firm Ag-Oil plans to build a $20 million biodiesel production facility west of Delray Beach, Florida, with the potential to produce 15 million gallons a year. Teri Gevinson, CEO of Ag-Oil, said the company has planted 20 acres of jatropha to make biodiesel. The biorefinery will use a patented technology to convert jatropha seeds, algae and related by-products into fuel. Once operational sometime in 2011, the facility and plantation on 103 acres will maintain an estimated 128 direct jobs and 915 indirect jobs, the company said.