Blue Biofuels Secures $1.15 Million Energy Grant for CTS Project
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Blue Biofuels' Groundbreaking Grant Announcement
PALM BEACH GARDENS, FL -- Blue Biofuels, Inc. (OTCQB: BIOF) has proudly secured a Phase 2 Small Business Innovation Research (SBIR) grant from the U.S. Department of Energy, amounting to a significant $1.15 million. This crucial funding will be utilized to advance the final stages of scaling the company’s innovative Cellulose-to-Sugar (CTS) process, a transformative technology designed to efficiently convert plant-based cellulose into sugars. These sugars can be fermented into ethanol, contributing to a more sustainable biofuels landscape.
Impact of the Phase 2 Grant
The funding follows a successful Phase 1 initiative, where Blue Biofuels demonstrated the feasibility of its CTS process, laying the groundwork for this next pivotal phase. CEO Ben Slager expressed his delight regarding this milestone, stating, "We are very grateful for the Department of Energy's continued support and confidence in our CTS technology. This grant allows us to supercharge our commercialization efforts, bringing us closer to offering a sustainable and economically viable alternative to fossil fuels. With a focus on reducing carbon emissions and promoting energy independence, this funding is instrumental in helping us achieve our vision."
Usage of Grant Funds
The awarded grant will be strategically used to finalize the scaling of the CTS process, positioning Blue Biofuels for commercial deployment. The successful execution of the Phase 2 project will ensure that all steps of the process—from biomass collection to ethanol production—are fully integrated, optimized, and scaled. Additionally, it includes completing the engineering design of the manufacturing facility to the FEL2 level.
Governance and Review Process
Every government proposal is put through a detailed review by experts in the biofuels domain, ensuring that only the most promising projects receive the necessary backing. The success achieved in Phase 1 and the favorable endorsement from the expert panel underline the transformative potential of Blue Biofuels' technology, which aims to revolutionize the biofuels industry by offering a cost-effective and environmentally sustainable approach to renewable energy production.
About Blue Biofuels, Inc.
Founded in Florida, Blue Biofuels is on a mission to produce biofuels through its patented Cellulose-to-Sugar (CTS) technology along with its licensed Vertimass technology. The CTS system is designed to offer a sustainable and renewable energy source that boasts a near-zero carbon footprint. This advanced process can turn virtually any plant material—including grasses, forestry products, and agricultural waste like sugarcane bagasse and wheat straw—into sugars and lignin. The sugars are subsequently transformed into biofuels such as ethanol and sustainable aviation fuel.
The Versatility of CTS Technology
The versatility of Blue Biofuels' technology allows it to utilize abundant and renewable biomass sources, including king grass, sugarcane bagasse, and corn stover, positioning the company to play a critical role in the global shift towards cleaner energy. By tapping into the diversity of feedstock available across various regions in the U.S. and beyond, Blue Biofuels is set to make significant contributions to sustainable energy practices.
Frequently Asked Questions
What is the significance of the $1.15 million grant?
The grant from the U.S. Department of Energy will support the scaling of Blue Biofuels' innovative Cellulose-to-Sugar process, enhancing its commercial viability.
How does the CTS technology work?
The CTS process efficiently converts cellulose from plant materials into sugars, which are then fermented into ethanol for use as biofuels.
What are the environmental benefits of Blue Biofuels’ process?
The process aims to reduce reliance on food crops for fuel production, thereby minimizing ecological impacts and promoting sustainability.
What are the future goals of Blue Biofuels?
The company aims to provide sustainable alternatives to fossil fuels and enhance energy independence while significantly cutting carbon emissions.
Who can I contact for more information about Blue Biofuels?
You can reach out to Ben Slager, CEO and Chairman, via email at Ben@Bluebiofuels.com, or Anthony Santelli, CFO, at Anthony@Bluebiofuels.com.
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