BioJet is a collaboration between, Abundant Biofuels Corporation, well-known environmental and technology developer, Mitch Hawkins & Co., Inc, and South Pole Carbon Asset Management based in Zurich, a leading world-wide developer of Carbon Credit projects.

Abundant Biofuels is currently the world’s largest Jatropha developer with several million hectares (1 hectare=2.5 acres) under development or predevelopment in 5 different countries.

South Pole has offices on every continent and has approximately 150 carbon credit projects currently underway.

www.abundantbiofuels.com
www.southpolecarbon.com
www.mitchhawkins.com

BioJet will operate at the intersection of Jatropha biofuels, aerospace, and carbon credit development.  Renewable sourcing combined with reduction in carbon emissions is the primary object in aircraft burning a petroleum replacement.  Oil costs fluctuate and when they are high, this alternative is much cheaper.  As of January 2009, with very low oil prices, they are probably equivalent.  However, pricewise, if you think oil will be higher in the future, you need to get ready to fly Jatropha!

Since the carbon dioxide released when Jatropha Oil is burned was removed from the air during production of the Oil, Jatropha Oil is a carbon neutral fuel that does not contribute to the accumulation of atmospheric CO2. Consequently, a significant portion of JatrophaJet revenues will come from development and operations in the carbon credit markets. 

According to the US-based Energy Information Administration's (“EIA”) annual report, demand for crude petroleum is forecast to increase 37% by 2030 to 118 million barrels per day. Accordingly, worldwide oil supply is estimated to be depleted within 40 years.   Because biofuel is a substitute for petroleum its market is closely tied to that of petrofuels. The properties of  Jatropha make it one of the lowest, if not the lowest, cost means of biofuels production.  Analysis suggests that it could be used to produce fuel for approximately $43 a barrel.