Williamson, D1 Oils ink deal for jatropha farming

Williamson Magor & Company has signed a memorandum of understanding with UK-based D1 Oils Plc to form a joint venture company to develop jatropha plantations in the north eastern parts of India.

According to a release issued by Williamson to the BSE today, D1 Oils Plc is a global producer of bio-diesel from renewable energy crops.

"The joint venture company will promote and facilitate jatropha plantations through contract farming, and will arrange for necessary logistics and facilities for production of biodiesel from the oil seeds harvested by the farmers," the release added.