BLUE BIOFUELS INC - BIOF STOCK NEWS

Blue Biofuels, Inc. (OTCQB: BIOF) has announced the leasing of an additional 167 acres in southwest Florida, expanding its farmland for king grass cultivation, bringing the total to 182 acres. This land is intended for bio-ethanol and sustainable aviation fuel production via the patented Cellulose-to-Sugar (CTS) process, aiming to produce about 500,000 gallons of ethanol annually.

The acquisition is a critical step towards upscaling production capacity following a successful pilot line. The company anticipates an over 80% reduction in carbon emissions compared to fossil fuels. Positive results from the CTS technology, which converts cellulose to soluble sugars 100 times more efficiently than previous prototypes, bolster plans for commercial production and securing EPA D3 cellulosic Renewable Fuel Credits, currently valued at approximately $1.95 per gallon.

Blue Biofuels, Inc. (OTCQB: BIOF) has achieved a major milestone in converting cellulose from king grass into soluble sugars using a newly designed larger pilot reactor. This system processes the feedstock at a rate 100 times greater than the previous prototype, indicating scalability for commercial applications. The company plans to optimize continuous processes and expand feedstock availability for larger-scale operations. The new reactor is designed for significant upscaling, aiming to yield enough sugars to produce 500,000 gallons of ethanol annually. Additionally, the company anticipates qualifying for US EPA’s D3 cellulosic Renewable Fuel Credits, currently valued at around $1.95 per gallon of ethanol.

Blue Biofuels, Inc. (OTCQB: BIOF), appointed Chris Kneppers, a 5% shareholder, to its Board of Directors on September 28, 2022. Kneppers, aged 72, is a Mechanical Engineer with 45 years of diverse experience in the construction sector, focusing on cost estimating. He was previously a Vice President at MKA International, Inc. and is now expected to leverage his expertise in business development, particularly in Europe. Blue Biofuels' Cellulose-to-Sugar (CTS) technology promises eco-friendly biofuel production and eligibility for lucrative D3 Renewable Fuel Credits.

Blue Biofuels, Inc. (BIOF) has achieved a major milestone with its Cellulose-to-Sugar (CTS) reactor system, demonstrating a processing rate of 2.5 tons per day—significantly higher than previous models. This achievement was made possible through a partnership with K.R. Komarek, a leader in machine design. The company plans to commission a new CTS reactor with enhanced scalability by Q4 2022. The patented CTS technology is aimed at producing biofuels from various sustainable materials and is positioned to benefit from Renewable Fuel Credits, enhancing potential revenue streams.

Blue Biofuels, Inc. (BIOF) has partnered with Re-N-Vision, LLC to secure a $199,902 grant from the Department of Energy. This SBIR Phase I grant is part of the "Community-Driven Solutions for a Just and Equitable Energy Transition" program. The project will use Blue Biofuels’ patented CTS technology to process agricultural waste into bioproducts. Re-N-Vision aims to apply for a Phase II grant of up to $2.2 million, focusing on utilizing kilotons of agricultural waste. If successful, they plan to pursue a Phase III grant for further development.

Blue Biofuels, Inc. (BIOF) has been approved for listing on the OTCQB exchange as of May 13, 2022. The company is enhancing production volumes of soluble sugars with its 4th generation system, while a new system is being constructed by K.R. Komarek, Inc. Blue Biofuels is advancing its patented Cellulose-to-Sugar technology aimed at biofuel production. This eco-friendly technology converts various plant materials into sugars and lignin, which can lead to additional revenue through D3 Renewable Fuel Credits worth approximately $3.40/gallon of ethanol.

Blue Biofuels, Inc. (PINK: BIOF) is progressing with its 5th generation Cellulose-to-Sugar (CTS) machine, with testing for larger volumes underway. The company has partnered with K.R. Komarek, Inc. to build semi-commercial and commercial CTS machines, with delivery expected by mid-2022. This collaboration aims to expedite the commercialization of sustainable biofuels. The CTS technology converts plant materials into sugars for biofuels, anticipated to qualify for D3 Renewable Fuel Credits. Projections suggest significant income potential from ethanol sales and credits.

Blue Biofuels, Inc. (PINK: BIOF) has filed a new patent for its innovative method of converting cellulose into sugar, adding to its existing six pending patents. This development enhances its proprietary technology. The company has also promoted Dr. Travis Baughman to Director of Technology, leveraging his expertise to scale operations. Blue Biofuels' Cellulose to Sugar (CTS) technology converts various plant materials into sugars for biofuels, potentially earning D3 Renewable Fuel Credits valued at $3.40 per gallon for ethanol, with proposed mandates of 620 million gallons for 2021 and 770 million for 2022.