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TerViva has developed an ultra-low cost, environmentally-responsible feedstock for the production of biodiesel. At the heart of TerViva’s technology are elite strains of Pongamia, a leafy tree that produces non-edible vegetable oil. Our proprietary trees exhibit robust growth in marginal soil and use minimal quantities of water and fertilizer. The energy output of a gallon of our Pongamia diesel is significantly more than the energy used to produce that gallon.
TerViva is currently establishing commercial ranches of its elite trees on semi-arid, non-prime land in the US, Central America, and the Caribbean. These ranches will produce oil at a cost far below that of other biofuels and below that of petroleum diesel.
Over the next ten years, TerViva’s goal is to plant one million acres of trees, which as an indication of size, is roughly one-fifth of the acreage burned in 2009 in US forest fires. At this scale, TerViva will plant nearly 150 million trees, sequester millions of tons of carbon dioxide, and create thousands of jobs. Most importantly, TerViva will produce a billion gallons of renewable oil annually – enough to fuel millions of cars and trucks each year.
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