BLUE BIOFUELS INC - BIOF STOCK NEWS

Blue Biofuels (OTCQB: BIOF) has contracted engineering firm Global Management Partners (GMP) to develop Front-End Loading (FEL-2) level engineering plans for a 3-million-gallon annual biofuel production facility. The project is funded by a recently awarded $1.15 million DOE Phase 2 grant. The facility will utilize Blue Biofuels' proprietary Cellulose-to-Sugar (CTS) technology to convert agricultural waste and biomass into renewable biofuels. This marks a significant step towards commercializing their CTS process and demonstrating its scalability.

Blue Biofuels (OTCQB: BIOF) has been awarded a $1.15 million Phase 2 Small Business Innovation Research (SBIR) grant from the U.S. Department of Energy. This funding will support the final stages of scaling the company's patented Cellulose-to-Sugar (CTS) process, which converts plant-based cellulose into sugars for ethanol production. The grant follows a successful Phase 1 demonstration of the CTS technology's feasibility and effectiveness.

The Phase 2 project aims to complete the scaling of the CTS process, enabling commercial deployment. It will integrate and optimize all stages from biomass collection to ethanol production, and include the FEL2 level engineering design of the manufacturing plant. This advancement positions Blue Biofuels to provide a sustainable and economically viable alternative to fossil fuels, contributing to reduced carbon emissions and energy independence.

Blue Biofuels Inc. (OTC: BIOF) has achieved a significant milestone in commercializing its proprietary Cellulose-to-Sugar (CTS) technology. The company successfully produced cellulosic ethanol in high yields from multiple biomass feedstocks, including King Grass, Sugar Cane Bagasse, and Corn Stover, using its upscaled CTS pilot line.

This achievement demonstrates the flexibility of Blue Biofuels' patented process and confirms that the CTS process produces fermentable sugars without harmful byproducts that could inhibit ethanol fermentation. CEO Ben Slager emphasized the importance of this milestone in validating the technology's potential to reinforce the biofuels industry and provide a sustainable alternative to fossil fuels.

Blue Biofuels is now finalizing the scaling of its CTS technology to production size, focusing on optimizing processes and preparing for commercial deployment.

Blue Biofuels, symbol BIOF, has received a Notice of Allowance for its primary patent on the CTS process in Canada, patent #3,121,695. This patent covers a system to convert cellulosic materials into sugar. Previously, the company secured patents for this process in the United States, Japan, and El Salvador, and expects approval in the EU and globally soon. Notably, Blue Biofuels had to change auditors due to the previous one being suspended by the SEC. The new auditor, Assure CPA, completed the review of the company's first-quarter 2024 financials on time, ensuring compliance with filing deadlines.

Blue Biofuels, Inc. (BIOF) announced that VertiGas20, a renewable gasoline product, is now approved by the EPA to be sold as 20% blends in conventional gasoline, reducing transportation carbon emissions. The product is produced by VertiBlue Fuels, a joint venture between Blue Biofuels and Vertimass, utilizing Vertimass' licensed technology. This innovative fuel, made from renewable ethanol, can be used in current gasoline vehicles without engine modifications, offering a green alternative to traditional gasoline. The approval marks a significant step towards producing more renewable fuels to combat climate change, providing consumers with eco-friendly transportation choices. Blue Biofuels plans to further reduce greenhouse gas emissions by producing cellulosic biofuels, enhancing the environmental impact of VertiGas20.

Blue Biofuels, Inc. (BIOF) has initiated an engineering study for a 2.4-million-gallon cellulosic ethanol facility using their innovative Cellulose-to-Sugar (CTS) system. The study highlights the efficiency of the CTS process in producing cellulosic ethanol, with plans to scale up for larger facilities. Blue Biofuels aims to optimize their process further, focusing on catalyst recycling and lignin separation for potential sale. The company also looks to integrate the CTS process into their joint venture with Vertimass for Ethanol-to-Sustainable-Aviation-Fuel production, positioning BIOF as a key player in the renewable energy sector.

Blue Biofuels Inc. (BIOF) achieves a significant milestone by producing its first batch of cellulosic ethanol, secures two US Patents with six pending, and advances towards commercializing its Cellulose-to-Sugar technology. The company is focusing on establishing production capacity for Sustainable Aviation Fuel (SAF) in collaboration with Vertimass and expanding off-take agreements for biofuels.

Blue Biofuels, Inc. (BIOF) has partnered with Vertimass, LLC to form VertiBlue Fuels LLC, aiming to produce sustainable aviation fuel (SAF) and renewable propane and butane (rLPG) using Vertimass' proprietary technology. The partnership plans to build a facility in Florida, with an initial production capacity of 10 million gallons of SAF and 2 million gallons of rLPG annually, and expand to 70 million gallons of SAF and 14 million gallons of rLPG. The facility will initially use sugarcane ethanol and later transition to ethanol from Blue Biofuels' CTS technology, marking a shift from technology development to production.

Blue Biofuels provides an update on the Inflation Reduction Act and its impact on the company. The act offers valuable fuel credits for cellulosic biofuels, with Blue Biofuels seeking to obtain Clean Fuel Production Credits (CFPC) and Low Carbon Fuel Standard Credits (LCFS). The company is capable of making sustainable aviation fuel (SAF) from cellulosic feedstocks using its patented processes. Blue Biofuels plans to build a commercial factory to fulfill the ethanol mandate and SAF needs of the country, with the opportunity for significant additional profits.