Best Projects 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs. If you want to know the 10 finalists in this category click HERE
Biodel production from jatropha oil
Explain your project in details:
The main objective of my business idea is to provide an Alternative means to petroleum products, Jatropha biodiesel projects can also help in rural developments by introducing new employment opportunities in agricultural and small and medium industrial sectors,The oil extracted from the seeds is processed to prepare high quality bio-fuel an alternative source that can be used in diesel car Which can can also be use to power Internet Service Provider masts because of it dual purpose . While the residue that remains after extracting oil is also processed and used a biomass feedstock to produce electricity and is also used as a fertilizer. my business idea fit in to innovating new method of generating car diesel fuel Which can also be use by internet service provider to power service masts and petrol engine generator because it has a dual purpose,Oil that is produced from the seeds of jatropha plant that grows in all the common and marginal lands is called as Jatropha oil. The species of plant that is used for oil extraction is known as Jatropha Curcas. Since jatropha Curcas is very toxic they are not consumed by humans and other living things. so my business idea think innovating a new method of using this plant as biodiesel.
Impact of your enterprise on sustainable development
The production of jatropha will require efficient and productive manpower, that will operate the processing machines, supply the product, and market the product this reduce unemployment in the society The factory will provide job to able-bodied men and women, while meeting the need of required petroleum as a veritable alternative to scarce or expensive biomass for communication industry. This will also improve the livelihood of the farmer because the source of our raw material.
Sustainability and future plans
oil extracted from the seeds is processed to prepare high quality bio-fuel an alternative source that can be used in diesel car Which can can also be use to power Internet Service Provider masts because of it dual purpose . While the residue that remains after extracting oil is also processed and used a biomass feedstock to produce electricity and is also used as a fertilizer. No business can survive in the long run without adequate financial preparation and provisions. Finance is the life bath of all business whether public or private. To measure the success of my business idea in term of financial return and revenue generating steam, if we product one Metric tone of jatropha seed in one hour then in 8 hours will have about eight metric tones, in 26 days we can produce 208 metric while The return on investment of Jatropha processing millstand at approximately 70% using both fixed assets and current assets.
Your profile as an entrepreneur
My name is Ogunniran Timothy currently, i am entrepreneur in Timzac Nigeria Enterprise my role is to over see the whole affair of the company, I was influence and motivated by one of my mentor who is also an entrepreneur and a successful business man, what i find most interesting in this industry, is in extraction and processing of oil bearing seeds like soybeans, jatropha, corn etc.