Translation“Ethanol for renewable chemicals and jet fuel provides ethanol producers with new product capabilities
Palm Beach Garden, Florida, Jan. 12, 2022 (Globe Newswire) – Blue biofuels, Inc. (PINK: Beov). Vertimass and Blue biofuels have expanded their previous licensing agreement to allow Blue Biofuels to convert additional ethanol into renewable jet fuels and other biohydrocarbons using Vertimass technology. Blue Biofuels believes this extended licensing agreement has the potential to help the company supply the world with more renewable fuels and chemicals and thus combat climate change.
Many countries have begun to impose a percentage of the jet fuel used by commercial airlines from renewable sources. Vertimass Blue Biofuels technology will enable sustainable aviation fuel production to help fulfill this mandate. We aim to expand further into the supply chain using complementary technologies and to become a complete supplier of biofuels, bioplastics and biochemicals,” noted Ben Slager, CEO of Blue Biofuels.
“We look forward to partnering with Blue Biofuels to convert their ethanol into much-needed sustainable aviation fuels and renewable chemicals,” said John Hannon, Vertimass COO.
Around Vertimus technology
Vertimass technology allows for the sustainable production of these biofuels derived from ethanol with high yields that can significantly reduce greenhouse gas emissions compared to sourcing these products from petroleum. Vertimass technology can also produce chemicals that are widely used in the building blocks from which hundreds of consumer products are made, ranging from pharmaceuticals to paints and plastics.
Vertimass’ technology for producing jet fuel and chemicals from cellulosic ethanol offers producers, such as Blue Biofuels, the flexibility to diversify their product portfolio and market renewable fuels and chemicals with low carbon footprints. In addition to improving competitiveness, jet fuel and ethanol-derived chemicals can accelerate the transition to renewable fuels and chemicals and improve rural economies.
on Translation LLC
Headquartered in Irvine, California, Vertimass LCC’s mission is to develop and license advanced technologies that greatly expand the production of sustainable transportation fuels and chemicals that reduce greenhouse gas emissions, improve energy security and local economies. Commercialization of Vertimass’ proprietary technology can overcome the blending wall that currently hampers the expansion of ethanol production from multiple biomass sources and open up significant new markets for aviation fuels, heavy vehicles and chemicals that are not currently ethanol-susceptible. For more information, visit http://www.vertimass.com/
Guarantees From Translation LLC offered through Shopoff Securities, Inc. Member of FINRA/SIPC. Investing in this type of product involves a high level of risk including investment loss, is illiquid with an uncertain liquidity history.
About blue biofuels cTs technology
Blue Biofuels from Cellulose to Sugar (CTS) technology delivers a near-zero carbon footprint process that can transform almost any plant material – grasses, wood, paper, farm waste, yard waste, forest products, fruit casings, nut shells and the cellulosic fraction of solid waste. Municipality – to sugars and lignin. The sugars are subsequently processed into biofuels. Lignin can also be converted into bioplastics. The CTS process is a technology patented and independently owned by the company’s wholly owned Blue Biofuels.
Blue Biofuels management believes that biofuels generated from the Company’s CTS process will be eligible to receive D3 credits for renewable cellulosic fuels (“RINs”). The D3 RIN is currently around $3 a gallon of ethanol, which can provide income in addition to income from ethanol sales. This incentive is offered to all domestic cellulosic fuel producers whose fuel is used in the transportation industry. This mandate was 620 million gallons for 2021 and was proposed to be 770 million gallons for 2022 but has not yet been finalized by the US Environmental Protection Agency.
on Blue Biofuels, Inc.
Blue Biofuels (or “the Company”), is a Florida-based public corporation whose mission is to produce renewable fuels, bio-degradable plastics, and other specialty products from plant materials in an environmentally friendly, carbon dioxide-neutral process. The company is in the process of upgrading to commercialize its technology.
The information in this document may constitute forward-looking statements or statements that may be considered or interpreted as forward-looking statements. Such forward-looking statements subject to various risks and uncertainties, includingIs the risks, uncertainties and other factors who – which These are fully discussed in the company’s filings with the US Securities and Exchange Commission. All forward-looking statements are attributable to Blue Biofuels, Inc. Here expressly qualified in its entirety under the above cautionary statement. Blue Biofuels, Inc. Disclaimer under any obligation to update the forward-looking statements contained in this press release, except as may be required by law.
Ben Slager, CEO
Anthony Santelli, Chief Financial Officer
source: Blue Biofuels, Inc. www.Bluebiofuels.com
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