BioJet forms strategic alliance with Council of Energy Resource Tribes (CERT); envisioning up to $1B in joint projects over 10 years

27 January 2012

The Council of Energy Resource Tribes (CERT) and BioJet International have formed a strategic business relationship. The two expect to conclude a Memorandum of Agreement in the next 60 days to define the terms of their participation.

We envision the scope of our business relationship broadly with CERT to include at least $1 billion worth of joint projects over a ten year period locating feedstock generation and refining operations to provide biofuels for commercial airlines and ground transportation at key locations throughout the western United States.

—Mitch Hawkins, Chairman and CEO of BioJet

CERT comprises of 57 sovereign Native American tribes as members. CERT members collectively own and manage more than 30% of the coal west of the Mississippi; 40% of domestic uranium; and 10% of known national oil and gas reserves in the United States. CERT members also manage millions of acres of agricultural lands from which feedstock for biofuels may be grown.

BioJet International is a supply chain integrator in renewable jet fuel and related co-products which include green diesel for the aviation and related commercial transportation sectors. BioJet last year received a funding facility commitment of $1.2 billion to capitalize its supply chain projects program which include feedstock and refining projects as well as investments and related strategic acquisitions. (Earlier post.)