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Blue Biofuels, Inc. (PINK: BIOF), formerly known as Alliance BioEnergy Plus Inc. (ALLM), has announced a name and stock symbol change approved by FINRA, effective August 27, 2021. The company specializes in clean technology through its patented CTS technology, which converts plant materials into sugars, biofuels, and bioplastics without using enzymes or acids. Furthermore, the company aims to benefit from D3 Renewable Fuel Credits from the US government, potentially adding significant revenue per gallon of ethanol produced.
Alliance BioEnergy Plus, operating as Blue Biofuels, announced the filing of three additional patents related to its Cellulose-to-Sugar (CTS) technology. This follows a previously granted patent, bringing the total to five. The patents focus on the unique process and composition of sugars produced by CTS, enhancing the company’s intellectual property and competitive edge. CEO Ben Slager highlighted that the new patents will protect the technology as they aim for commercialization. The CTS technology is designed to convert various plant materials into biofuels and bioplastics with a near-zero carbon footprint.
Alliance BioEnergy Plus, Inc., doing business as Blue Biofuels (PINK: ALLM), has announced a new market opportunity for its sulfur-free lignin. Partnering with Carbon Basis Company Ltd. (CBC), the company will supply lignin as a replacement for synthetic resins in ion exchange production, with CBC planning to pay around $10/kg. The ion exchange resin market is projected to grow from $3.4 billion in 2021 to $5.85 billion by 2026. Additionally, the company’s CTS technology converts biomass into sugars and lignin, with potential D3 fuel credits providing further revenue streams.
Alliance BioEnergy Plus, operating as Blue Biofuels, successfully secured its primary patent for the Cellulose-to-Sugar (CTS) technology. This milestone strengthens its ownership of core technology and aims to enhance competitive positioning. The company plans to file additional patents and is progressing towards manufacturing the 5th generation CTS system within 4 to 6 months. Promising developments in bioplastic production are underway, alongside expectations for cellulosic Renewable Fuel Credits (RINs) from the government, potentially increasing revenue streams.
Alliance BioEnergy Plus, Inc. (PINK: ALLM) has successfully raised over $3 million within 60 days through private equity offerings and warrant exercises. This funding significantly strengthens the Company's financial position and enhances its ability to commercialize its CTS technology. The Company anticipates that its biofuel production will qualify for D3 cellulosic Renewable Fuel Credits from the US Government, currently valued at $2.216/gallon in addition to the ethanol market price of $1.69/gallon.
Alliance BioEnergy Plus (PINK: ALLM) has announced a strategic reorganization, introducing a new management team and the launch of its CTS 2.0 technology aimed at commercializing biofuels. The company will operate under the new name Blue Biofuels with a corresponding logo and new website. CTS technology converts various plant materials into sugars and lignin, leading to the creation of biofuels and bioplastics with a near-zero carbon footprint. Notably, biofuels produced from this process qualify for D3 Renewable Fuel Credits, enhancing revenue potential through federal incentives.
