JatrophaBioJet has been formed with the objective of being a major international player in the use of Jatropha Oil as a replacement for jet fuel.
JatrophaBioJet’s Mission is to:
- To enable the interface of Jatropha, Aerospace, and Carbon markets.
- To develop the Jatropha to Jet market and the market for related turbine and aerospace applications.
- To provide a cooperative single point exchange for the worldwide supply and forward purchase of Jatropha jet fuel.
- To help develop and implement quality standards and certification.
- To develop the carbon market and become the world leader in carbon credit development of the Jatropha jet application.
- To assist Jatropha developers in project financing where production is targeted for jet consumption
The world’s annual consumption of jet fuel (non-military) is about 2 Billion Barrels and the International Air Transport Association has stated it wants 10% of jet fuel to come from biofuels by 2017. The Company believes Jatropha Oil is by far the most desirable biofuel partial replacement additive to jet fuel and this translates into a potential market of at least 200 Million Barrels of Jatropha Jet per year. |