Biojet V25 M
-
Upload
yusuf-rahman -
Category
Technology
-
view
716 -
download
5
description
Transcript of Biojet V25 M
What is BioJet ?
What is BioJet ?
BioJet is the leading internationalsupply chain integrator and provider of renewable and sustainable jet fuel to the airline industry.
Airlines spend$250 BILLION
a year on jet fuel
Jet fuel is getting expensive
Demand
Peak Oil
Increasing prices
2011Years 2020
Problem
Airlines are desperately seeking price stability
4.76
3.57
2.38
1.19
0
$/gal
150
100
50
0
200
$/bal
Jet fuel Price (IATA)
2007 2008 2009 2010 2011
Problem
$0.54 $0.58
$1.02
$2.17 $2.15
$3.00 (Est)
1990-95 1996-00 2001-05 2006-10 2010 2011
Something needs to change...FAST
Problem
European Union starts Jan 2012, target ten percent by 2020
Estimated penalties in 2012 will cost airlines $1.9 billion and $9.7 billion in 2020
And... airlines are mandated to reduce carbon footprints
Problem
IATA 2017 target is 10 percent biofuels - $30 billion/yr opportunity
Opportunity
Airlines want 50 percent biofuels - $150 billion/yr opportunity
World’s first biofuel test flight took place in Dec 2008
The next month Mitch Hawkins formed BioJet
History
NewTechnologie
s
NewTechnologie
s
BioJet rationalizes, integrates, manages and is a principal in...
Feedstock
Feedstock
RefiningRefining
LogisticsLogisticsOfftake
Contracts
OfftakeContracts
Strategy
Generation
FeedStock Energy Bal.Time
Frame
First Corn/Soy/Palm 1-1.3 Now
SecondJatrophaCamelina
1-4Now - 5-10
yrs
ThirdWaste BioMassAlgae/Sugars
1-15 5-10 yrs
Fourth GMO/Algae 1-30 10-20 yrs
Like the oil companies, we control our feedstocks
Feedstocks
We had started with 2.5 million hectares of jatropha in the Philippines, Peru, 10 other countries
Acquired: Abundant BioFuels with4.3 million hectares
Total =6.8 million hectares
Feedstocks
Next we added 750,000 acres of camelina in Argentina JV with Great Plains
Feedstocks
Joint ventures with three major refineries in the Caribbean, So. Asia and Europe, using UOP technology
Refining
Refining
Our mini refinery JV will revolutionize the economics of production and distribution of BioJet’s fuels
We are working on new feedstock developments, genetic engineering and refining technologies
TECHNOLOGY...
Technology
Logistics is criticalLogistics
$0.54 $0.58
$1.02
$2.17 $2.15
$3.00 (Est)
1990-95 1996-00 2001-05 2006-10 2010 2011
Bringing it together
BioJet - Appox. $2.50/gal
Solution
Contracts
$20 billion in contracts
Team
CEO - Mitch Hawkins
COO - Wayne Van Dyck
SVP Sales - James Pfeil
SVP Refining - Bruce Berwager
SVP Gov - Robert Martin
Gen Counsel - Mathew Ladin
CFO - Paul Robinson
VP Corp Dev - Andrew Noll
VP Latin Am - Damiana Serafini
The brains
Team
Board of Directors Mitchell R Hawkins Renat Heuberger Don McCarthy Ralph Adams
Global Advisory Board Nathan Agnew Dr. Dan Colbert John C. Shideler, PhD. Meghan Sapp Guarav K. Shah, MS Samuel (Sandy) Hale, PhD Michael M. Wadden Joseph Lambert Glenn Rambach
More brains
Milestones
Corporation formed Jan 09
EU carbon regulations Feb 09
World’s largest feedstock contract Apr 09
$1.2 billion equity funding commitment Feb 11
Argentina camelina JV formed Jun 10
First ‘Alternative Fuels Partner’ of IATA Mar 10
Strategic refining agreement with UOP Nov 09
First biofuels test flight Dec 08
Camelina teaming JV with Great Plains Jan 10
BioJet 2013 2014 2015 2016 2017
Barrels 1.1M 3.8M 7.7M 8.1M 13.5M
Income $ 104M 437M 961M1,132
M1,580M
Expenses $
82M 348M 788M 893M 1,261M
Profit $ 22M 89M 173M 239M 319M
Objectives
Seeking strategic partners...
Major refiner to support and assistwith ten to fifteen major refinery projects.
Major energy finance / funding group to provide
$7 billion in project financing
SStrategy
In 5 years we will be producing...
24M barrels of renewable and
sustainable jet fuel
grossing $3 billion in revenues
netting $690 million be worth over $4 billion... and
leading the world’s green jet revolution.
Objectives
The competitive landscape...
Competition
$15M bridge equity investment:
30 million shares
Estimated $64 million-$80 million
at initial public offering in 6 to 8 months
Estimated $180 million-$240
million In 4 to 5 years
Financing
Use of Proceeds
Working Capital $4MFeedstock Projects Jatropha $8M Camelina $6M Refining Projects UOP $3M Mini Ref JV $2M
Logistics $2M
Financing
Near Term Strategy
Complete equity financing
Complete public offering
Ramp and finance feedstock production
Launch mini refinery pilot
Draw down equity funding
Huge and Exploding MarketCompelling Business ModelFeedstock Control Big First Mover Advantage Market LeadershipExperienced Management$1.2 Billion ‘Equity Partners’ FundingIPO in Six to Eight Months
BioJet summary...
Scaling Financings
AirTransportActionGroup is striving for 6% biofuels by 2020
European Commission expects 40% biofuelsby 2050
To meet the demand, near to 290 biofuel refineries will be required to be built over next 20-30 years (one per month) at a capital cost of $200M-$500M each, a total of $58B-$145B
Here’s an investment that changes the airline industry, saves the planet ANDprovides a big ROI.
BioJet
for more information:
Yusuf A. RahmanManaging Director
Alta Vista Sdn BhdPrivate International Equities
Kuala Lumpur, Malaysia+60123034036