Costa Rica is considered one of the hottest real estate markets in the world with tourism numbers climbing every year as it positions itself in becoming the next Hawaii. But high oil prices is taking Costa Rica for a green ride into biodiesel.
Escalating oil prices are creating an unprecedented oil crises for Costa Rica which is 100% dependant on the importation of oil. In order to avoid a potential economic meltdown, President Oscar Arias traveled to Brazil to promote bio fuels and its social impact. This will lead into large scale productions by growing bio fuels throughout Costa Rica.
Jatropha Curcas if the feedstock of choice as this oil bearing tree is originally from Central America and grows at twice the rate in Costa Rica than any other location. Costa Rica Seed Company is leading the market with successful Scientific and Production models. Several years of R&D have concluded in exciting pilot programs where 138 commercial buses operate around the city with B20 biodiesel.