BioJet, Lao Asia Pacific Agriculture sign aviation biofuels pact for Laos

In Laos, BioJet today announced formation of a strategic business and project relationship with Lao Asia Pacific Agriculture Promotion Import-Export Sole Company Limited (LAP). The Project involves biofuel production for land and air transport as well as bioenergy coproducts.

It is planned to include 100,000 hectares of feedstock production as well as refining/conversion facilities appropriate to the scale of feedstock supply. The Project follows the Mandate of the Renewable Energy Development Strategy for the country of Laos, and has letters of support from the Ministry of Energy and Mines.

Under the agreement, BioJet will work closely with LAP to ensure optimal production conditions for sustainable biofuels and bioenergy to enable the joint venture, led by LAP, to become a major producer and exporter of biofuels and co-products to members of the Association of Southeast Asian Nations, wherein they have free trade, and other international buyers.

Chansanga Valakone, Chairman and CEO of LAP, said “We expect the Project at build out to generate revenues in the US$300 million range annually and to help form the foundation of a sustainable infrastructure for Bioenergy in Laos. We also expect the Project to have significant impact on economic development, job creation, and social programs”.

Mitch Hawkins, Chairman of BioJet, commented “We are pleased for the opportunity to work with LAP. This deal was generated when LAP and our Buenos Aires office came together once again demonstrating the reach of the international BioJet model.”