Fuelstock has planted 250,000 jatropha trees to produce high quality refined jatropha oil to replace diesel oil for the local fishing industry – fishing is the principal source of income to the local community in North West Madagascar.
Fuelstock’s operations are based in the deepwater port of Mahajanga. The Plantations are located 80 km away by tarmac road on the main road from Mahajanga to Tana. Thus logistics for overseas or local distribution are already in place.
The site is also perfectly situated for widespread commercial jatropha production. Fuelstock has secured an option on 2,000 hectares of this land with the potential to produce up to 2 million litres of jatropha oil annually.
Fuelstock is also developing a refinery in conjunction with a leading oil refiner in North Madagascar. This allows Fuelstock complete vertical integration from seed production through to harvesting and oil refining.
Fuelstock will deliver the seeds by truck to the refinery in Mahajanga near the fishing port who will be the ultimate buyers of the oil.
This will therefore be the first locally produced renewable oil in Madagascar.
The seeds are taken by truck from the plantation to the local refinery and crushed into pure vegetable oil to provide substitute fuel for the fishing trawlers alongside the refinery.
Fishing is central to the local economy and since Fuelstock’s fuel is reducing fuel costs – the fishing industry is now able to maintain profit margins without over-fishing thereby preserving future fishstocks.
Fuelstock has been approached to provide Jatropha oil for the entire fishing fleet for the local fishing industry – central to the local economy.