Toyota Tsusho Corp., the trading affiliate of Toyota Motor Corp.,plans to start growing jatropha next year as rising oil prices makealternative fuels more attractive.
Shares in Toyota Tsusho rose 0.2 percent to 1,291 yen Friday, while those in Sojitsu were unchanged at 146 yen.
Takeshi Mutsuura, a spokesman of Toyota Tsusho, said Japanese firm Sojitz Corp. will also join the project.
Indian Rare Earths Inc., a subsidiary of India's atomic energy agency, and state-owned Japan Oil, Gas and Metals National Corp. may also invest in the project, Toyota Tsusho said.
Shares in Toyota Tsusho rose 0.2 percent to 1, 291 yen Friday, while those in Sojitsu were unchanged at 146 yen.
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