BioJet Releasing One Billion Gallons For Early Adopters

Concurrent with the approval of biofuel standards for jet engines by ASTM, and to aid in development of the bio-aviation market, BioJet says it is releasing one billion gallons of renewable jet fuel for long-term contracts.

The company says this is a one time introductory offer made to the commercial aviation industry on special pricing and terms. No deposit, take or pay contracts will be freely transferable and may be assigned or traded over the life of the contract provided that the financial capacity of the assignee is at least equal to that of the original Purchaser.

Pricing will be fixed at $2.97 per gallon. Alternatively, the buyer may elect to index at par with petroleum jet fuel with a $3.50 cap and $2.50 floor.

BioJet says it operates throughout the entire biofuel value chain and engages feedstock generation, technology, refining, logistics, sustainability certification, distribution, and eventual end use by the aviation and transportation sector user. In February 2011 BioJet received a US$1.2 Billion funding facility from Equity Partners Fund. The facility is the cornerstone of BioJet's US$6+ Billion supply chain capital projects program over the next 10 years which includes feedstock and refining projects, as well as investment and strategic acquisitions.

The company says it can make the offer because, through its subsidiaries, it owns and controls multiple, very large biofuels feedstock projects around the world. This unique position provides BioJet with the ability to control its internal allocation of resources for a significant cost control advantage while other companies are subject to severe fluctuations in cost and availability of feedstock.

FMI: www.biojetcorp.com