WEST PALM BEACH, Fla., Nov. 19, 2015 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), announced today that with the completion of Front End Loading 2 (FEL 2) engineering the stark difference between the CTS process and all other fuel technologies is becoming more apparent from a capital building expense as well as yearly operating expense.
The CTS Cellulose Ethanol plant processing 1,000mt a day of virtually any cellulose biomass and producing upwards of 34 MMGY of high-grade ethanol with 86% less emissions than gasoline will cost approximately $1.97 a nameplate gallon to build.
By comparison DuPont just announced the opening of their 30 MMGY enzymatic cellulose ethanol plant in Iowa at a cost of $225 million. That is $7.50 a nameplate gallon to build. Last year Poet-DSM opened a 25 MMGY cellulosic ethanol plant at a cost of $250 million or $10.00 a nameplate gallon.
A traditional corn ethanol plant costs approximately $2.38 a nameplate gallon to build. The CTS process can also be added to a traditional corn ethanol plant as a bolt-on addition for a minimal cost. This will allow the corn plant to eliminate up to seven (7) current processes while reducing overall energy consumption by more than 70%. The plant can continue to process corn kernel with higher yields, recover 5x the valuable corn oil and begin to transition away from the kernel in favor of any other cellulose biomass, without any down time.
Alliance will be licensing its CTS Cellulose Ethanol bolt-on solution to ethanol producers while seeking to build and operate Cellulose Ethanol plants in the US and abroad.
About Process Engineering Associates, LLC:
Process Engineering Associates, LLC (PROCESS) is a chemical engineering company providing process design, applied chemical engineering, and process safety services to the petroleum refining, chemical production, alternative fuels, food grade products, nuclear materials processing, and all other process industries. PROCESS personnel are experienced, highly-motivated chemical engineers with track records of significant achievement in all facets of process engineering including significant work in ethanol, bio-diesel and other alternative fuels. Past and current clients include Poet, BP Amoco, Conoco Phillips, Exxon Mobil, Unilever, IBM, Southern California Gas, American Ethanol, Halliburton Energy, Lockheed Martin and many others.
About ALLM:
Alliance BioEnergy +, Inc. (“ALLM”) (OTCQB:ALLM), is a publicly traded company focusing on “Green” energy and renewable technologies. ALLM’s subsidiaries focus on emerging technologies in the renewable energy, bio-fuels and new technologies sectors. ALLM owns a fifty percent interest in Carbolosic, LLC, and the exclusive rights to North America (including Canada, U.S. and Mexico) and Africa. Carbolosic holds the exclusive, worldwide license to the patented mechanical/chemical technology, “CTS™” developed by the University of Central Florida. The CTS Cellulose Ethanol technology is able to produce a high quality clean burning Ethanol from virtually any plant material cheaper, quicker and without any hazardous inputs.
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance BioEnergy Plus, Inc actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
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