Feb 11 2011
BioJet International, an international supply chain integrator in bio jet fuel and green diesel, has proclaimed that it has obtained a USD 1.2 Billion finance option from Equity Partners Fund, a Cayman- based firm. The funding would be available for three years.
The agreement has been drawn mainly to provide BioJet a substantial capital outlay for its supply chain projects that include refining and feedstock projects and also includes strategic acquisitions and investments.
Mitch Hawkins, Chairman of BioJet, has revealed that this funding would play a very significant role in BioJet capital projects and acquisitions of accretive EBITDA positive ventures during the next five years. He further mentioned that it would help in expanding their feedstock projects such as Algae, Jatropha and Camelina along with Avia renewable jet refining projects in Europe, Asia and Latin America. They were also planning to acquire listed companies.
BioJet undertakes operations in all the segments of the biofuel value chain such as feedstock generation, refining, technology, sustainability certification, logistics, distribution and the final end use by the user in the aviation sector. It is the foremost Alternative Fuels Strategic Partner of IATA, the International Air Transport Association.
Source: http://www.biojetcorp.com