Camelina Projects To Produce Renewable Jet Fuel
Internationally
BioJet Corporation and Great Plains Oil & Exploration
announced Wednesday that they have executed a Teaming Agreement for
the purpose of producing renewable jet fuels. The companies plan to
jointly develop integrated Camelina cultivation and associated
refinery projects in the U.S., Europe, South America, and Asia.
BioJet will bring its international network and management
experience in developing renewable jet fuel projects. Great Plains
will provide its extensive experience in Camelina growth and
processing. It is estimated that within 5 years, Camelina
production from currently planned team projects will yield
approximately 200 million gallons per year of renewable jet fuel,
65 million gallons per year of co-products, and 2.3 million tons
per year of Camelina meal, for use as a high-quality animal
feed.
Great Plains is the largest Camelina producer in the world and
has extensive agronomic and genomic intellectual property with
exclusive access to the majority of the world's Camelina germplasm.
These strengths will allow Great Plains to identify the best
proprietary varieties of Camelina for each teamed project location,
thereby optimizing production yield. Great Plains has contracted
approximately 85% of the Camelina acreage currently planted in
North America and plans to rapidly expand its acreage in 2010 and
beyond.
Sam Huttenbauer, CEO of Great Plains, said "Affordable feedstock
is the key to all biofuels, and due to Camelina's low inputs and
high-quality meal by-product, it has tremendous potential to be
competitive with petroleum jet fuel. The scale of these projects
will allow this to happen quickly." It's expected that the majority
of production from the teamed projects will be international. "This
relationship greatly expands our bandwidth for international crop
production, refining, sales & distribution, corporate finance,
and carbon trading. We expect these capabilities to allow our
company to rapidly produce Camelina-derived renewable jet fuel at
competitive pricing."
BioJet is a leading international supply chain integrator in
renewable jet fuel for the aviation sector. Its operations include
feedstock generation, technology, refining, logistics, and
distribution to end users in the aviation sector. In 2009, BioJet
executed the world's largest take-or-pay contracts for Jatropha
feedstock and forward sale of Bio-SPK jet fuel. Most recently,
BioJet was selected by the Roundtable on Sustainable Biofuels as
the first implementation Pilot Company for Version 1 of the
Principles of Sustainability. BioJet's strong international
networks in the field of renewable jet fuel production will allow
for integrated supply chain management from the teamed projects as
well as access to large-scale acreage for Camelina growth.
BioJet CEO Mitch Hawkins commented "We're very pleased to team
up with Great Plains. We already control the world's largest
quantities of Jatropha dedicated to jet fuel, and work in designer
feedstocks and algae. This deal effectively triples our feedstock
resources. It is a major step in the achievement of our goal of 20
million barrels per year of renewable jet fuel by 2020."
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