biodiesel is big business to come

I can't help buying into JPR after the announcement. With oil price going higher, biodiesel will be highly demanded. See article I've found below.

Strong slowly buying in today, we might see a decent spike soon as I am sure JPR management will do a few presentations with various instos for the IPO.


ADM to build biodiesel plant in Rondonopolis, Brazil

Last Update: 11:17 AM ET Jul 27, 2006

SAN FRANCISCO (MarketWatch) -- Archer Daniels Midland Co. (ADM : Archer Daniels Midland Company
ADM 42.43, +0.28, +0.7%) said Thursday it plans to build a biodiesel production facility in Rondonopolis, Brazil, with an annual capacity of 180,000 metric tons. The plant will be operational in the first half of 2007, ahead of the anticipated increase in demand due to the mandate that all diesel fuel sold in Brazil include 2% biodiesel beginning in 2008, and 5% biodiesel beginning in 2013, the Decatur, Ill.-based company said. Biodiesel is a vegetable oil-based fuel made from renewable crops that burns cleaner than traditional petroleum-based diesel fuel. Construction of the plant, which will be located adjacent to the ADM's existing soybean crushing plant in Rondonopolis, is dependent on final engineering and permit approval, the company noted.