Camelina is an oilseed crop that can be used to make biodiesel, an environmentally friendly alternative to diesel fuel. Camelina grows well on marginal land and uses little water and fertilizer.

The companies estimate that by 2015, camelina production will yield approximately 200 million gallons per year of renewable jet fuel.

Great Plains CEO Sam Huttenbauer said, "Affordable feedstock is the key to all biofuels, and due to camelina's low inputs and high-quality meal by-product, it has tremendous potential to be competitive with petroleum jet fuel. The scale of these projects will allow this to happen quickly."

BioJet CEO Mitch Hawkins added, "We're very pleased to team up with Great Plains. We already control the world's largest quantities of Jatropha dedicated to jet fuel and work in designer feedstocks and algae. This deal effectively triples our feedstock resources. It is a major step in the achievement of our goal of 20 million barrels per year of renewable jet fuel by 2020."

Great Plains says it has "exclusive access" to the majority of the world's camelina germplasm.