Other than Jatropha curcas, why is Pongamia pinnata also considered a good option for the production of bio-diesel in India?

1. Pongamia pinnata grows naturally in most of the arid regions of India.

2. The seeds of Pongamia pinnata are rich in lipid content of which nearly half is oleic acid.

Which of the statements given above are/is correct?

I.A.S. (Pre) 2010