BioJet chairman Mitch Hawkins remarked on the significance of receiving monetary backing:
BioJet's renewable fuel operations cover feedstock generation, fuel refining, logistics, sustainability certification, and distribution to the end user.This funding agreement with Equity Partners will form the cornerstone of BioJet capital projects and accretive EBIDTA positive acquisitions over the next five years. It enables a clear path to the expansion of our Camelina, Jatropha, and Algae feedstock projects as well as our Avia renewable jet refining projects in Latin America, Asia, and Europe. We will also be seeking acquisitions of listed companies which can add value geographically and strategically.
[Source: Green Car Congress | Image: abdallahh – C.C License 2.0]