JatrophaBioJet to source jatropha for aviation fuel

By Ryan C. Christiansen | February 10, 2009
Web exclusive posted March 4, 2009, at 10:37 a.m. CST

A jatropha plantation company has joined forces with environmental stewardship and carbon credit project consultants to form JatrophaBioJet Corp., a company that plans to develop the jatropha oil feedstock market for aviation fuels. Abundant Biofuels Corp. is partnering with South Pole Carbon Asset Management Ltd. and Mitch Hawkins & Co. to develop the jatropha oil market.

According to Mitch Hawkins, chief executive officer for JatrophaBioJet, the company aims to play a role that so far has been unfilled. "You've got really three unrelated worlds," Hawkins said. "You've got the jatropha growers and developers who are all focused on biodiesel; you've got the aerospace industry which, as large as it is, is fairly very insular; and then you have the carbon credit industry, which is populated with very, very sophisticated people, but they focus primarily on the carbon offset activity almost completely and, while they do many, many different kinds of projects, the people in that industry are focused on the carbon offsets, they are not focused on the projects themselves.

"There appears to be a space in the middle for someone to be able to interface," Hawkins continued, "to enable the jatropha-to-jet-fuel market and the handling of the attendant carbon offsets. We want to stand in the center of that space, to relate those three activities, to move the commodity from the plantation to the aircraft and to enable the carbon offset activity, which is attached when you replace petroleum fuel with biofuel."

Hawkins said JatrophaBioJet's focus on aviation fuel is unique in the jatropha grower industry.

"There is a need for biofuel feedstocks to be turned into jet fuel," Hawkins said, "and most of the focus of the jatropha industry has been on biodiesel. JatrophaBioJet intends to link jatropha growers to the aerospace industry. "We'll be sourcing supply contracts for jatropha oil," he said. "We will be refining it and it will get blended either by us or someone else, and then we will be handling contracts for sale. We will be handling contracts on both ends: the source contract and the sale contract."

Abundant Biofuels is developing jatropha plantations in five countries, Hawkins said, while South Pole Carbon Asset Management has offices around the globe with 150 carbon credit projects underway.

For more information about Abundant Biofuels Corp. read "Feedstock Frenzy."
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