(MENAFN- ProactiveInvestors - Australia) Jatenergy's (ASX: JAT) subsidiary PT Jatoil Waterland is poised to become cash flow positive once it completes the allocation, processing and shipment of stored Jatropha seed.
This comes as Jatoil is making the final payment for the land used for its jatropha fields.
Under the original agreement to form Jatoil in 2009, Jatenergy had initially paid for over 60% of the full 25 year land access fee for the jatropha fields.
The remaining fee was to be paid from profit obtained from the sale of jatropha seed.
With ongoing harvests, a continued return for the company is expected.
Jatenergy is also reviewing the use of Camelina, an oilseed crop that can be used to produce vegetable oil and animal feed, as a complementary biofuel intercrop.
Camelina requires little water or nitrogen to flourish, making it suitable for use on marginal agricultural lands. It may also be used as a rotation crop to increase the health of the soil, potentially increasing productivity from each hectare of land.
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