Blue Biofuels Receives $1.15 Million Department of Energy Phase 2 Grant
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 (OTCQB: BIOF) ha ricevuto un contributo di 1,15 milioni di dollari dalla Fase 2 della Small Business Innovation Research (SBIR) dal Dipartimento dell'Energia degli Stati Uniti. Questo finanziamento supporterà le fasi finali di scaling del processo Cellulosa-in-Zucchero (CTS), che converte la cellulosa vegetale in zuccheri per la produzione di etanolo. Il contributo arriva dopo una dimostrazione riuscita della fattibilità e dell'efficacia della tecnologia CTS nella Fase 1.
Il progetto della Fase 2 mira a completare il processo di scaling del CTS, consentendo l'implementazione commerciale. Integrare e ottimizzare tutte le fasi dalla raccolta della biomassa alla produzione di etanolo, e include la progettazione ingegneristica di livello FEL2 dell'impianto di produzione. Questo progresso posiziona Blue Biofuels come fornitore di un'alternativa sostenibile e economicamente valida ai combustibili fossili, contribuendo a ridurre le emissioni di carbonio e a garantire l'indipendenza energetica.
Blue Biofuels (OTCQB: BIOF) ha sido premiada con un subsidio de 1,15 millones de dólares de la Fase 2 de la Small Business Innovation Research (SBIR) del Departamento de Energía de los Estados Unidos. Este financiamiento apoyará las etapas finales de escalado del proceso de Celulosa a Azúcar (CTS), que convierte la celulosa de origen vegetal en azúcares para la producción de etanol. La subvención sigue a una exitosa demostración de viabilidad y efectividad de la tecnología CTS en la Fase 1.
El proyecto de la Fase 2 tiene como objetivo completar el escalado del proceso CTS, habilitando su implementación comercial. Integrará y optimizará todas las etapas desde la recolección de biomasa hasta la producción de etanol, e incluirá el diseño de ingeniería de nivel FEL2 de la planta de fabricación. Este avance posiciona a Blue Biofuels para ofrecer una alternativa sostenible y económica a los combustibles fósiles, contribuyendo a la reducción de emisiones de carbono y a la independencia energética.
블루 바이오연료(OTCQB: BIOF)는 미국 에너지부로부터 115만 달러 규모의 2단계 중소기업 혁신 연구(SBIR) 보조금을 수여받았습니다. 이 자금은 회사의 특허를 받은 셀룰로오스-당(CS) 공정의 최종 규모화 단계를 지원할 것입니다. 이 공정은 식물 기반 셀룰로오스를 에탄올 생산을 위한 당으로 전환합니다. 이 보조금은 CS 기술의 타당성과 효과성에 대한 1단계 성공적인 시연 이후 제공되었습니다.
2단계 프로젝트는 CS 공정의 규모화를 완료하여 상업적인 배포를 가능하게 하는 것을 목표로 합니다. 이는 바이오매스 수집부터 에탄올 생산까지의 모든 단계를 통합하고 최적화하며, 제조 공장의 FEL2 수준의 엔지니어링 설계를 포함합니다. 이 발전은 블루 바이오연료가 화석 연료에 대한 지속 가능하고 경제적인 대안을 제공하여 탄소 배출 감소와 에너지 독립성에 기여할 수 있도록 합니다.
Blue Biofuels (OTCQB: BIOF) a reçu une subvention de 1,15 million de dollars de la Phase 2 de la Small Business Innovation Research (SBIR) du Département américain de l'Énergie. Ce financement soutiendra les dernières étapes de l'échelle du processus de cellulose en sucre (CTS), qui convertit la cellulose d'origine végétale en sucres pour la production d'éthanol. La subvention fait suite à une démonstration réussie de la faisabilité et de l'efficacité de la technologie CTS lors de la Phase 1.
Le projet de la Phase 2 vise à achever l'échelle du processus CTS, permettant son déploiement commercial. Il intégrera et optimisera toutes les étapes, de la collecte de biomasse à la production d'éthanol, et inclura la conception d'ingénierie de niveau FEL2 de l'usine de fabrication. Cette avancée positionne Blue Biofuels pour fournir une alternative durable et économiquement viable aux combustibles fossiles, contribuant à réduire les émissions de carbone et à l'indépendance énergétique.
Blue Biofuels (OTCQB: BIOF) erhielt einen 1,15 Millionen US-Dollar Zuschuss der Phase 2 der Small Business Innovation Research (SBIR) vom US-Energieministerium. Diese Finanzierung wird die letzten Phasen der Skalierung des Cellulose-in-Zucker (CTS) Prozesses unterstützen, der pflanzliche Cellulose in Zucker für die Ethanolproduktion umwandelt. Der Zuschuss folgt einer erfolgreichen Phase-1-Demonstration der Machbarkeit und Wirksamkeit der CTS-Technologie.
Das Phase-2-Projekt zielt darauf ab, die Skalierung des CTS-Prozesses abzuschließen, was die kommerzielle Bereitstellung ermöglicht. Es wird alle Phasen vom Biomassesammeln bis zur Ethanolproduktion integrieren und optimieren und das Engineering-Design auf FEL2-Ebene der Produktionsanlage umfassen. Dieser Fortschritt positioniert Blue Biofuels, um eine nachhaltige und wirtschaftlich tragfähige Alternative zu fossilen Brennstoffen zu bieten, was zur Reduzierung der Kohlenstoffemissionen und zur Energieunabhängigkeit beiträgt.
- Awarded $1.15 million Phase 2 SBIR grant from the U.S. Department of Energy
- Successful completion of Phase 1, demonstrating CTS process feasibility
- Grant enables final scaling of patented Cellulose-to-Sugar (CTS) technology
- Project includes completion of manufacturing plant design to FEL2 level
- Technology endorsed by expert panel, indicating strong market potential
- None.
PALM BEACH GARDENS, FL, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels is thrilled to announce that it has been awarded a Phase 2 Small Business Innovation Research (SBIR) grant from the U.S. Department of Energy amounting to
CEO Ben Slager expressed his enthusiasm for this milestone, stating, "We are very grateful to the Department of Energy for their continued support and confidence in our CTS technology. This grant will allow us to accelerate the commercialization of our process, bringing us closer to providing a sustainable and economically viable alternative to fossil fuels. Our goal is to play a significant role in reducing carbon emissions and promoting energy independence, and this funding is crucial in helping us achieve that vision."
The awarded grant will be utilized to complete the scaling of the CTS process, enabling Blue Biofuels to move forward with commercial deployment. With the successful completion of the Phase 2 project, all stages of the process—from biomass collection to ethanol production—will be fully integrated, optimized, and scaled up. The project also includes the completion of the engineering design of the manufacturing plant to the FEL2 level.
All government proposals undergo a rigorous review by a panel of experts in the field, ensuring that only the most promising and innovative projects receive funding. The success of Phase 1 and the endorsement of this panel underscores the potential of Blue Biofuels' technology to revolutionize the biofuels industry, providing a cost-effective and environmentally friendly method of producing renewable energy.
About Blue Biofuels, Inc.
Blue Biofuels is based in Florida and has the goal to produce biofuels through its patented Cellulose-to-Sugar (CTS) technology and its licensed Vertimass technology. CTS is a sustainable, and renewable green energy system with the potential to achieve a near-zero carbon footprint. The CTS process can convert virtually any plant material – grasses, forestry products, and agricultural waste such as sugarcane bagasse and wheat straw -- into sugars and lignin. Sugars are subsequently processed into biofuels, such as ethanol and sustainable aviation fuel, and lignin may be further processed into a variety of products. The CTS process is a patented and proprietary technology wholly owned by Blue Biofuels.
Blue Biofuels’ CTS technology represents significant progress in renewable energy, offering a sustainable solution that reduces reliance on food crops for ethanol production. By utilizing abundant and renewable biomass sources such as king grass, sugar cane bagasse, and corn stover, the company is positioned to contribute meaningfully to the global transition toward cleaner energy. This versatility allows the company to take advantage of feedstock variability in different locations around the US and the world.
Special Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
Contact:
Ben Slager, CEO and Chairman
Ben@Bluebiofuels.com
Anthony Santelli, CFO
Anthony@Bluebiofuels.com
SOURCE: Blue Biofuels, Inc. www.Bluebiofuels.com
FAQ
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